Hydro signs new long-term power contract for Norwegian aluminium portfolio

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Hydro signs new long-term power contract for Norwegian aluminium portfolio

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When you choose aluminium from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Our climate strategy is to cut our CO2 emissions 30% by 2030. Our aluminium can help you meet your goals, too.

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Hydro is a leading industrial company committed to a sustainable future. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways.

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 and Hafslund Eco already have an established cooperation, which last year resulted in two power purchase agreements, with a total volume of 2.08 TWh, for delivery from 2021 to 2027.

Hydro’s primary aluminium production capacity in Norway is 100 percent supplied with renewable power. World-wide, Hydro’s corresponding renewable power share is above 70 percent.

The contract with Hafslund Eco spans from January 1, 2022, to December 31, 2028, with delivery to price area NO3.

Updated: April 19, 2021

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