Hydro inks power contract with Hafslund Eco Vannkraft AS for Norwegian aluminium portfolio
Norsk Hydro ASA has inked a new long-term power contract for an aggregated supply of 680 GWh in the period from 2022 to 2028. The contract between Hydro’s fully owned subsidiary Hydro Energi AS and Hafslund Eco spans from January 1, 2022, to December 31, 2028, with delivery to price area NO3.
Hydro’s Norway primary aluminium production capacity is 100 percent supplied with renewable power. World-wide, the company’s corresponding renewable power share is above 70 percent.
Hydro and Hafslund Eco last year signed two power purchase agreements, with a total volume of 2.08 TWh, for delivery from 2021 to 2027.
“Since 2014, Hydro has signed 17 long-term power purchase agreements (PPAs), all of which based on hydropower or wind power. Together with Hydro’s 9.4 TWh captive hydropower production in Norway, the long-term PPAs will be used in Hydro’s aluminium production in Norway in the coming decades,” Hydro said.
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