Hydro Energy secured a long-term power purchase agreement with Eviny Fornybar to receive 0.5 TWh of renewable power annually. Running from 2031 to 2040, the deal guarantees a total of 5 TWh of electricity delivered within the Norwegian NO5 electricity price zone.
This predictable energy supply supports Hydro’s Norwegian factories in manufacturing low-carbon aluminum, which generates a carbon footprint roughly 75% below the global average.
This stable demand also helps Eviny finalize investment plans for new renewable power generation assets. To cover its upcoming electricity requirements, Hydro is simultaneously upgrading its own energy facilities and engineering new renewable projects.