Syngenta Signs Five-Year Virtual Wind Power Deal with Statkraft for European Operations

Agricultural technology company Syngenta and Norwegian renewable energy producer Statkraft have signed a five-year virtual power purchase agreement providing 125 GWh of wind electricity per year to support the decarbonisation of Syngenta's crop protection and seeds operations across Europe. The agreement represents Syngenta's first virtual PPA and delivers a total of 625 GWh of clean electricity by 2030.

Under the virtual PPA, Statkraft will map the generation capacity of onshore wind turbines in Germany through an artificial wind farm structure, enabling customised electricity supply offers. Syngenta receives certificates of origin for the agreed green electricity volume and will secure electricity indexed to the spot market for the five-year contract period. The vPPA is a financial supply contract that allows a company to support renewable energy without physically purchasing the electricity, making it suitable for companies seeking decarbonisation without changes to operational processes.

The agreement supports Syngenta's carbon reduction targets for Syngenta AG while enabling it to maintain operational efficiency across European facilities. Statkraft, the largest producer of renewable energy in Europe, said the deal builds a bridge between wind farm operators no longer eligible for subsidies, who typically prefer short delivery terms, and companies seeking long-term green power procurement that integrates into existing sourcing strategies. This structure is increasingly common among multinational companies pursuing Scope 2 emissions reductions in Europe.

The deal marks a step forward in Syngenta's decarbonisation strategy and reflects the growing use of virtual PPAs as a tool for companies with complex, multi-site European operations to procure clean energy. The agricultural sector faces increasing scrutiny over its overall environmental footprint, including both direct emissions and those from crop inputs. Syngenta's use of renewable energy at manufacturing sites is part of a broader effort to reduce Scope 1 and 2 emissions while pursuing science-aligned climate targets.

Key figure — 625 GWh