Hydro and Eviny sign long-term power contract
Norway, July 7 -- Hydro Energy and Eviny Fornybar have signed a long-term power purchase agreement (PPA) securing an annual supply of 0.5 TWh of renewable power in the period from 2031 to 2040.The agreement secures a total of 5 TWh over the contract period and the power will be delivered in Norwegian electricity price area NO5. Based on renewable energy, Hydro can produce aluminium in Norway with a carbon footprint about 75 percent less than the global average. Renewable energy is key for Hydro to succeed with its technology roadmap towards zero emissions by 2050. Hydro is pursuing a range of sourcing options to meet its future power demand. In addition to long-term contracts with counterparts like Eviny, Hydro is developing new renewable p...
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