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Neste signs Finnish refinery solar PPA

Renewable energy company CPC Finland Oy will supply power from its Finnish Lakari solar farm to Neste’s Porvoo refinery.

The project, currently under development in Rauma, is expected to supply around 24GWh per year, which represents 75% of the annual capacity of the site.

Power supplies are expected to start in spring 2024.

Porvoo refinery has used 100% renewable electricity since the beginning of 2022. Due to the planned development at Neste’s refinery in Porvoo, the energy use is expected to increase over the coming years.

“Neste’s agreement on solar power is a valuable addition to our existing wind power and hydropower agreements. The agreed annual volume corresponds to some 2% of the annual electricity consumption at our Porvoo refinery,” said executive vice president for oil products at Neste Markku Korvenranta.

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