Norsk Hydro: Hydro signs new long-term power contract for Norwegian aluminium portfolio
November 07 2017 - 6:06AM
Norwegian aluminium company Norsk Hydro ASA's fully owned
subsidiary Hydro Energi AS has signed a long-term power contract
with Markbygden Ett AB, a Swedish wind power company, for annual
baseload supply of 1.65 TWh in the period from the beginning of
2021 to the end of 2039.
Markbygden Ett AB is developing an onshore wind park located
west of Piteå, in the northern of Sweden, and is owned by GE Energy
Financial Services and Green Investment Group Limited, part of
Macquarie Group Limited.
The wind park is a part of the larger Markbygden wind farm
project developed by Svevind which is planned to have 1101 wind
turbines and produce around 10 TWh annually when finalized.
The contract will contribute to supplying power to Hydro's
aluminium plants after the existing long-term power contract with
Norwegian state utility Statkraft expires in 2020.
Investor contactContact Stian HasleCellular +47 97736022E-mail
Stian.Hasle@hydro.com
Press contactContact Øyvind Breivik Cellular +47 40226686E-mail
Oyvind.Breivik@hydro.com
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