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    Hydro seals PPA with Hafslund Eco in Norway


    January 21, 2022 - SeeNews Renewables

     

      January 21 (Renewables Now) - Norwegian renewables operator Hydro Energi AS, part of Norsk Hydro ASA (OSE:NHY), has entered into a new long-term power purchase agreement (PPA) with electrification services provider Hafslund Eco Vannkraft AS.

      The new contract calls for the supply of 1,300 GWh of electricity from January 1, 2023, until December 31, 2029.

      Hydro said in a statement that this PPA will be part of its total power portfolio, which comprises captive power production of 9.4 TWh per year and a long-term contract portfolio of about 10 TWh.

      Since 2014, the company has inked 19 long-term hydro and wind power contracts. Over the past two years, it signed four other PPAs with Hafslund Eco for a total volume of 4 TWh.

      (EUR 1.0 = USD 1.135)

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