European battery materials leader Umicore has signed long-term power purchase agreements with eading European renewables player Statkraft & Gasum for sourcing renewable power from onshore wind turbines in Finland. These two agreements will cover the existing needs of Umicore’s site in Kokkola, where the Group produces precursor cathode active materials and refines cobalt used in rechargeable batteries for electric cars. Both contracts run for a period of 10 years, with Statkraft starting in 2024 and Gasum in 2025.Statkraft will provide Umicore with about 60 GWh of certified renewable electricity per year until 2033, from the Nuolivaara wind farm, in northern Finland. The non-subsidized wind farm will consist of 17 wind turbines with a total installed capacity of 96.9 MW and is expected to be commissioned in 2023. Gasum will provide Umicore with about 45 GWh of certified renewable electricity per year until 2034 from a non-subsidized wind farm, which is expected to be commissioned by the end of 2023 or early 2024.