Hydro Energi inks 6-year contract with Hafslund Eco Vannkraft AS for 1300 GWh power supply to aluminium production
According to a recent report, Hydro Energi AS, part of the Electric Power Generation, Transmission and Distribution Industry, has entered into a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a supply of 1300 GWh during 2023-29.
The PPA will be part of Hydro Energy’s total power portfolio, consisting of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh.
Hydro has signed 19 long-term power contracts in total since 2014, based on renewable hydro or wind power.
Access to renewable energy and modern technology helps Hydro produce aluminium in Norway with a carbon footprint, which is about 75 per cent less than global average.
Besides being an active market player in the Nordic power market, Hydro Energi is responsible for acquiring power for Hydro’s aluminium production.
The contract between Hydro Energi AS and Hafslund Eco Vannkraft AS is valid from January 1, 2023, to December 31, 2029.
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