The PPA will be part of Hydro Energy’s total power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh.
The contract spans from May 1, 2024 to December 31, 2027, with delivery in the price area NO3.
In addition to being a significant market player in the Nordic power market, Hydro Energy is responsible for acquiring power for Hydro’s aluminium production. 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.
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 6,000 employees in more than 20 countries.
Published: March 20, 2024
