The PPA secures a total of 2 TWh from Skellefteå Kraft’s SE2 portfolio over an 8 year period to Hydro’s aluminium smelters in Norway.
Long-term PPAs are crucial for Hydro to continue to lead the way in low-carbon aluminium globally. Renewable power is key to produce aluminium in Norway with a carbon footprint of about 75 percent less than the global average and it is needed to succeed with Hydro’s technology roadmap towards zero emissions in 2050.
The power contract will be part of Hydro’s Nordic power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh . Long-term agreements start to expire at the end of 2030 and Hydro is actively pursuing alternative sourcing options to meet the need for renewable power to ourits operations.
Skellefteå Kraft enables the electrification of society and future infrastructure solutions through innovation, research, and investments in renewable energy.
Skellefteå Kraft is one of Sweden’s largest producers with production of wind and hydropower, heat, and bioenergy.
Hydro is a leading aluminium and energy company committed to a sustainable future. Hydro’s purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways. Since 1905, Hydro has turned natural resources into valuable products for people and businesses, creating a safe and secure workplace for its 33,000 employees in more than 140 locations and 40 countries.
Published: October 16, 2024
