Hydro Signs New Long-Term Power Contract

Source: www.gulfoilandgas.com 1/21/2022, Location: Europe

Hydro Energi AS has signed a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a total supply of 1300 GWh in the period from 2023-2029.

The PPA will be part of Hydro Energy’s total power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh. Since 2014, Hydro has signed 19 long-term power contracts, which are all based on renewable hydro or wind power.

Hydro and Hafslund Eco already have an established cooperation, which in 2020 and 2021 resulted in four other PPAs with a total volume of 4 TWh for delivery from 2021 to 2029.

In addition to being a significant market player in the Nordic power market, Hydro Energy is responsible for acquiring power for Hydro’s aluminium production, which in Norway is based on renewable power. Access to renewable energy and modern technology enables Hydro to produce aluminium in Norway with a carbon footprint which is around 75 percent less than global average.

The contract with Hafslund Eco spans from January 1, 2023, to December 31, 2029, with delivery to price areas NO1 and NO3 (Nordpool price areas in southern and eastern Norway).


France >>  8/12/2022 - DEME Offshore has successfully installed the offshore substation of the Fécamp offshore wind farm, deploying ‘Orion’, the newest member of the DEME fl...
Germany >>  8/12/2022 - Keppel Corporation Limited (Keppel Corporation or together with its subsidiary, the Group) and Keppel Infrastructure Fund Management Pte Ltd (KIFM), t...

Germany >>  8/12/2022 - - The manufacture of these parts will require 800 jobs and the participation of some 30 local suppliers.
- With a capacity of 476 MW, Baltic Eag...

India >>  8/12/2022 - Siemens Gamesa has secured its first order in India with Azure Power India Private Limited (Azure Power) to supply 96 SG 3.6-145 wind turbines for a 3...

Japan >>  8/12/2022 - The opening ceremony for Eurus Kamikatsu-Kamiyama Wind Farm, which Eurus Group has been constructing in Tokushima Prefecture, in the vicinity of Kamik...
Australia >>  8/11/2022 - A landmark CEFC investment to support the Southern Downs Renewable Energy Zone (REZ) will help develop critical transmission and grid infrastructure t...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.