Norsk Hydro ASA - Hydro signs long-term power contract with Alpiq

The PPA will be part of Hydro's Norwegian power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh.

Access to renewable power and modetechnology enables Hydro to produce aluminium in Norway with a carbon footprint of about 75 percent less than the global average. Long-term power purchase agreements at competitive prices are crucial for Hydro to continue to lead the way in low-carbon aluminium globally.

The contract with Alpiq will be delivered to the NO3 price area.

Alpiq is a leading Swiss energy services provider and electricity producer that operates throughout Europe, including Norway, Sweden and Finland. It offers its customers comprehensive and efficient services in the fields of energy generation and marketing as well as energy optimization. With many years of experience in origination, it provides tailor made offers in long-term power purchase agreements (PPAs). The Alpiq Group has around 1,200 employees and is headquartered in Lausanne, Switzerland. www.alpiq.com

Published: September 25, 2023

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Norsk Hydro ASA published this content on 25 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 10:19:27 UTC.