German energy company EnBW has acquired a 10% equity stake in the SkiGA project, as well as securing long-term offtake rights to the renewable ammonia produced at the Norwegian facility. SkiGA will be completed in 2026, producing 100,000 tonnes per year of renewable ammonia.

Allianz will invest €20 million in Fuella, a Norway-based project developer currently working on two renewable ammonia production projects. Fuella’s plants in Skipavika (100,000 tonnes per year) and Korgen (200,000 tonnes) will utilise renewable electricity from Norway’s grid to produce ammonia. The projects will target the marine fuels & fertiliser sectors.