Hydro signs long-term power contract with Alpiq
Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, securing an annual supply of 219 GWh in the period from 2031 to 2038.
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The contract will be delivered in the Norwegian electricity price area NO3 and will provide an aggregated supply of 1.75 TWh during the contract period.
Based on renewable energy, Hydro can produce aluminium in Norway with a carbon footprint about 75 per cent less than the global average. Renewable energy is also key for Hydro to continue to modernise aluminium production and succeed with its technology roadmap towards zero emissions by 2050.
Hydro is pursuing multiple sourcing options to meet future renewable power needs, combining long-term contracts with partners such as Alpiq with investments in new renewable projects and upgrades to its own power assets.
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Note: This article has been issued by Hydro and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
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