Norsk Hydro: signs long-term wind power contract for Norway
(CercleFinance.com) - Norsk Hydro said it has signed a new long-term wind power contract, securing green energy for its aluminium plants in Norway.
The Norwegian aluminium company has signed a long-term wind power contract for 29 years with Green Investment Group in a deal believed to be the world's longest corporate wind power contract.
The agreement, which encompasses the building of a new wind farm in Sweden, 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.
Around 70 per cent of Hydro's primary aluminium production is based on renewable energy, with the figure reaching 100% in Norway.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The Norwegian aluminium company has signed a long-term wind power contract for 29 years with Green Investment Group in a deal believed to be the world's longest corporate wind power contract.
The agreement, which encompasses the building of a new wind farm in Sweden, 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.
Around 70 per cent of Hydro's primary aluminium production is based on renewable energy, with the figure reaching 100% in Norway.
Copyright (c) 2018 CercleFinance.com. All rights reserved.