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Hydro signs long-term power contract with Hafslund Eco Vannkraft

26 Aug 2021 15:59 reported by Joy Liu

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Hydro Energi, a fully owned subsidiary of Norsk Hydro, has signed a new long-term power purchase agreement with Hafslund Eco Vannkraft, one of Norway's power suppliers, for a total supply of 680 GWh during the period from January 1, 2022 to December 31, 2028, with the price area of delivery at NO3.

This agreement will become a part of Hydro’s total power portfolio, including a captive power output of 9.4 TWh per year and a long-term contract portfolio of approximately 10 TWh.

Hydro has signed 18 long-term power agreements since 2014, all of which were based on renewable hydropower or wind power.