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Hydro signs additional long-term hydropower contract for Norwegian aluminium portfolio

Norsk Hydro ASA's fully owned subsidiary Hydro Energi AS has signed a new long-term power contract with Hafslund E-CO Vannkraft AS for an aggregated supply of 0.9 TWh in the period from 2021 to 2027.

Power lines and water fall

“We are pleased with signing yet another contract with Hafslund E-CO Vannkraft AS, enabling us to secure stable long-term hydropower supply to our operations,” says Arvid Moss, Executive Vice President Energy in Hydro.  

Hydro and Hafslund E-CO Vannkraft AS already have a good cooperation and signed a contract for an aggregated supply of 1.18 TWh in June 

Since 2014, Hydro has signed 16 long-term power purchase agreements (PPAs), all of which based on hydropower or wind power. Together with Hydro’s 10 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’s 1.15 million tonnes per year primary aluminium production capacity in Norway is 100% supplied with renewable power. World-wide, Hydro’s corresponding renewable power share is above 70%. 

The contract with Hafslund E-CO Vannkraft AS spans from January 1, 2021 to December 31, 2027, with delivery to price area NO5. 

øyvind breivik

Øyvind Breivik

Head of Communication and Public Affairs, Energy

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