May 22 (Renewables Now) - Swedish mining and smelting company Boliden AB (STO:BOL) has agreed to purchase 415 GWh of wind power to supply some of its operations in Sweden and Finland.
The company has signed a long-term power purchase agreement (PPA) with an unnamed wind power developer, it said on Wednesday. Under its terms, Boliden will be supplied with 240 GW of electricity in Sweden and 175 GW in Finland, which will be sourced from wind farms situated near its mining and smelting sites in Boliden, Sweden, and Kokkola, Finland.
"The agreement means that we get an increased long-term perspective in our energy supply," said Mikael Staffas, president and CEO of Boliden.
Last month, Boliden AB and Swedish utility Vattenfall AB entered into a four-year partnership agreement to develop business solutions for mines and smelters that support electrification, the circular economy and a fossil-free future. At present, Boliden has mining and smelting activities in Sweden, Finland, Norway and Ireland.