Hydro signs long-term power contract with Alpiq

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Hydro signs long-term power contract with Alpiq

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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.

The PPA will be part of Hydro’s Norwegian power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh.

Access to renewable power and modern technology enables Hydro to produce aluminium in Norway with a carbon footprint of about 75 percent less than the global average. Long-term power purchase agreements at competitive prices are crucial for Hydro to continue to lead the way in low-carbon aluminium globally.

The contract with Alpiq will be delivered to the NO3 price area.

Published: September 25, 2023

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