Statkraft signs 18-year power contract with Hydro

09.04.2018 | news

Beverage cans

Statkraft continues to cooperate with power intense industry offering favorable long term contracts. Statkraft and Hydro Energi AS have signed a new long-term power contract for the period 2021-2038.

The total volume is 15.5 TWh with annual supply of 0.75 TWh from 2021 to 2030 and 1 TWh annually from 2031 to 2038.

The contract will contribute to supplying power to Norsk Hydro ASA’s aluminum plants in Norway in the years after 2020, when the existing long-term power contract with Statkraft expires. Hydro Energi AS is a wholly-owned subsidiary of Norwegian aluminum company Norsk Hydro ASA.

Read the full press release on Statkraft.com