Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

09 NOVEMBER 2022 AL CIRCLE

Hydro Rein, Commerz Real form JV to develop solar projects in Denmark, expect to decarbonise aluminium industry

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Hydro Rein and Commerz Real are reportedly forming a joint venture to acquire and develop two early-phase solar projects in Jylland, Denmark. These are the first-ever investments in the Danish photovoltaic market for Commerz Real.

Hydro Rein & Commerz Real form JV to develop two solar projects in Denmark, expect to decarbonise aluminium industry

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The construction of the projects is expected to start in 2024, and operations to begin in early 2026. The objective is to grow the portfolio to 1 GW.

The joint venture will be owned equally by Hydro Rein and Commerz Real. Danish developer GreenGo Energy will develop the projects until they come into operation. As per the report, the projects will have an estimated peak capacity of 170 MW and 192 MW, respectively, with a total annual production of 412 GWh.

The two new solar projects are expected to power energy-intensive industries and help them decarbonise their output, including the aluminium sector. Denmark aims to source 100 per cent of its electricity from renewables by 2027. In 2022, total wind and solar production in Denmark will likely exceed 20 TWh; by 2030, the solar power capacity will reach about 8 GW.

Olivier Girardot, Head of Hydro Rein, said: "We are proud to announce our very first investment in Denmark and Hydro Rein’s first solar investment in the Nordics, together with a solid partner, Commerz Real. The investment will diversify our Nordic portfolio in terms of technology and production, and we see great potential in combining wind and solar to help decarbonize major industrial players. Backed by strong governmental ambitions, we are looking forward to explore more opportunities in Denmark.”

Barkha Mehmedagic, Global Head of Institutional Sales and Group Treasury at Commerz Real, said: “The Danish investment market for photovoltaic offers the potential for growth and diversification for our institutional investors in particular. With Hydro Rein and GreenGo Energy, we also have experienced partners firmly rooted in the Scandinavian market by our side.”

Karsten Nielsen, CEO of GreenGo Energy, said: "We are honored to partner with two profound and complementary institutions in the renewable energy industry. This is our first GW scale partnership agreement for our Mermaid portfolio in Denmark. It is a big milestone to helping us accelerate the energy transformation with significant impact well before 2030.”

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