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.
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