Carlsberg Group Steps Up Renewable Energy Commitments Through Nordic PPAs

Carlsberg Group today announces the signing of long-term Power Purchase Agreements (PPAs) that will supply renewable electricity to our operations in Norway (Ringnes), Sweden (Carlsberg Sverige), and Finland (Sinebrychoff). These agreements, signed with three different energy suppliers, ensure that a large portion of the electricity use from these markets comes from new renewable assets.

• Norway: Ringnes will buy 435 GWh over 10 years from the run-of-river hydro power plant Fennefoss, purchasing from the energy provider Å Energi. The offtake will begin in January 2026 and last 10 years. In the first year it will provide roughly 15 GWh of electricity to Ringnes Brewery, scaling up to 45 GWh after two years, when it will cover roughly 90% of their electricity consumption.

• Sweden: Carlsberg Sverige will buy output from the Orken wind farm in Halland, Sweden, operated by the energy company, RWE. The agreement is for 8 years, starting January 2026. The Orken wind farm was built and commissioned in 2023 and has a yearly production of ca. 25 GWh. Carlsberg Sverige consumes ca. 32 GWh per year, meaning the PPA is expected to cover approximately 78% of the market’s electricity needs.

• Finland: Sinebrychoff will buy volumes from an onshore wind farm in Paltusmaki, Finland, operated by the energy company Encavis. The agreement is for 10 years, starting January 2026. The power plant has been built and commissioned in 2021 and has a yearly production of ca. 60 GWh. Sinebrychoff consumes ca. 28 GWh per year, and the PPA is expected to cover ca. 90% of Sinebrychoff’s electricity’s needs. 

With the three new agreements, we will bring our total contracted renewable electricity coverage from PPAs from approximately 10% to 21%, marking a significant step in our efforts to decarbonise our Nordic operations.

And why does this matter? Signing a PPA means that the electricity will come from newly built renewable assets, like wind farms, solar parks and hydropower plants. There is growing scientific consensus that PPAs are superior to renewable energy certificates (RECs) in leading to additional renewable energy production and real emissions reductions. PPAs do this by providing long term offtake and revenue certainty for new renewable projects. With these agreements, we are actively adding renewable energy capacity to the Nordic region, helping accelerate the transition to clean energy.

“Securing renewable electricity through Power Purchase Agreements is a cornerstone of our sustainability programme. The new PPAs across the Nordics allow us to accelerate the green transition and support the development of additional renewable energy capacity. The three new agreements complement our existing PPAs in for example Lithuania, Denmark, and China,” said Torsten Steenholt, EVP Integrated Supply Chain.