Hydro-Vale agreement granted Norwegian hydropower concession

There is a license error on this site:

This license is for URL http://inte.hyal01mstred230.hyal.episerver.net/ but the current site has URL https://www.hydro.com/

The Web site remains functional, but this message will be displayed until the license error has been corrected.

To correct this error:

Ensure that you have a valid license file for the site configuration.
Store the license file in the application directory.

If you do not have a license file, please request one from EPiServer License Center.

Hydro-Vale agreement granted Norwegian hydropower concession

Skip to content ↘

Insights

EN / FR

Aluminium

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.

Energy

With more than a century of experience in renewable energy, Hydro is one of the top three operators of power production in Norway, and a significant market player in the Nordics and Brazil. We are responsible for developing new business opportunities for Hydro within both renewable energy, hydrogen and batteries, and we provide support to the rest of Hydro’s business areas on contracts, security of supply and energy framework conditions.

Sustainability

Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. To tackle our global challenges, the world needs to produce and consume in new ways. We want to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy.

Careers

At Hydro, we put our people at the center of everything we do. By supporting our employees’ growth professionally and personally, we are fostering a community of colleagues who are united in the shared purpose of solving our industries’ most pressing challenges.

Investors

We are a leading aluminium and renewable energy company that has created business opportunities for more than a century by developing products, solutions and industries that address global needs and demands. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way.

Media

Working on a story about aluminium? Press releases, photos, stories, facts and figures – you will find everything you need here.

About Hydro

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.

Vale's takeover of shares in Hydro triggered the need for a licence according to Norwegian industrial concession law, as Hydro is a power producer with waterfall rights in Norway. The Ministry approval is in line with the conditions for the agreement.

The transaction remains subject to customary approvals in Brazil and is expected to close in the fourth quarter this year.

: September 29, 2010

Recommended for you