Energy
Syngenta inks landmark green power deal with Statkraft in Europe
Statkraft will supply green electricity indexed to the spot market, while Syngenta will receive guarantees of origin for the contracted volume
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By ICN Bureau | January 28, 2026
Syngenta and Statkraft have signed a five-year virtual power purchase agreement (vPPA) that will deliver 125 GWh of renewable electricity annually to Syngenta’s Crop Protection and Seeds operations, totaling 625 GWh by 2030.
The deal marks a major milestone in Syngenta’s decarbonization efforts and its first-ever vPPA. Under the agreement, Statkraft will supply green electricity indexed to the spot market, while Syngenta will receive guarantees of origin for the contracted volume.
"This is Syngenta's first vPPA, marking a pivotal step in our decarbonization strategy," said Rachel Stenson Bugnon, Global Head CP Sourcing at Syngenta. "This tailored approach allows us to make meaningful progress toward our carbon reduction targets for Syngenta AG while maintaining operational efficiency across our European facilities."
For Statkraft, the agreement highlights the growing role of vPPAs in Germany’s energy transition. “VPPAs are also becoming increasingly important in Germany. We are delighted to support Syngenta with this tailor-made PPA solution to decarbonize its production”, says Sascha Schröder, Vice President Central European Origination at Statkraft.
“We are building a bridge between operators of wind farms that are no longer eligible for subsidies, who typically prefer short delivery terms, and companies seeking long-term green power procurement that integrates smoothly into their established sourcing strategy.”
The contract is based on a virtual, aggregated wind portfolio that maps the full generation capacity of onshore wind turbines across the German market, allowing Statkraft to structure customized supply solutions. While no physical electricity is delivered under the vPPA, the financial arrangement enables Syngenta to cut emissions without altering its existing energy supply contracts or operational processes.
At the same time, the agreement supports the continued operation of wind assets that would otherwise face financial uncertainty once government subsidies expire—helping ensure renewable power remains on the grid as Europe accelerates its shift to clean energy.
