Norsk Hydro Signs Long-Term PPA for Wind Energy

Norwegian aluminium company Norsk Hydro ASA’s wholly-owned subsidiary Hydro Energi AS has signed a long-term wind power contract for 29 years with Green Investment Group. The contract is believed to be the world’s longest corporate wind power contract.

The agreement, which encompasses building of a new wind farm near Sundsvall and Østersund in Sweden (SE2), secures annual baseload supply of 0.3 TWh for the period 2021 to 2031 and 0.55 TWh for the period from 2031 to 2050. The contract will contribute to supplying power to Hydro’s aluminium plants in Norway. “With this contract, we have over the last 2.5 years secured wind power contracts of approximately 4.5 terawatt hours annually from 2021 and onwards, complementing our captive and contract-based... ... More: Official Press Release Hydro

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Norsk Hydro, Hydro Energi, Norway, aluminium, wind energy, PPA, contract, record