The agreement secures a total of 5 TWh over the contract period and the power will be delivered in Norwegian electricity price area NO5.
“Long-term and predictable access to renewable power is crucial for Hydro. This agreement with Eviny secures parts of our power demand, and enables us to continue supplying the low-carbon aluminium and solutions from our Norwegian plants that Europe is demanding,” says Kari Ekelund Thørud, Executive Vice President of Hydro Energy.
Based on renewable energy, Hydro can produce aluminium in Norway with a carbon footprint about 75 percent less than the global average. Renewable energy is key for Hydro to succeed with its technology roadmap towards zero emissions by 2050.
“Long-term agreements like this are essential for making major investment decisions in new renewable generation. Predictability on both sides ensures that industry gets the power it needs, while enabling us to develop more of the renewable energy Norway will depend on in the years ahead,” says Sonja Chirico Indrebø, Executive Vice President of Eviny Fornybar.
Hydro is pursuing a range of sourcing options to meet its future power demand. In addition to long-term contracts with counterparts like Eviny, Hydro is developing new renewable power projects and upgrading assets in its own renewable energy portfolio.
Published: July 7, 2026
