Hydro and Lyse complete Hydropower Project merger

Published: Jan 4, 2021 13:25

Source: SMM compilation

Save

Hydro completed its hydropower deal with Lyse on December 31st. The two companies merged power generation assets through the formation of a new company, Lyse Kraft DA, which includes Hydro's hydropower assets R ø ldal-SuldalKraft (RSK) and most of Lyse's power generation product portfolios.

Earlier, in October 2020, the two companies announced plans to merge some of their respective hydropower production projects in southern Norway.

Hydro owns 25.6 per cent of Lyse Kraft DA and 74.4 per cent of Lyse. The normal annual generating capacity of the newly established company is 9.5 TWh.

Hydro hydropower

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Secondary Aluminum Prices Were Expected to Face Downward Pressure and Pull Back in April[SMM Analysis]

[SMM Analysis]Weak Supply-Demand Pattern; Secondary Aluminum Prices Were Expected to Come Under Pressure and Pull Back in April

8 hours ago

9 hours ago

Supported by Multiple Factors, Aluminum Fluoride Prices Rose Sharply in April [SMM Analysis]

Overall, cost support remained strong, supply tightened while demand stayed stable. As tender prices became clear, aluminum fluoride prices were generally raised by around 800 yuan/mt in line with the guidance. Going forward, close attention should be paid to dynamic changes in raw material costs and adjustments in downstream procurement pace.

9 hours ago

11 hours ago

Bauxite Inventory at Ten Domestic Ports Rises by 2.17 Million MT

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on April 3, the total bauxite inventory at ten domestic ports increased by 2.17 million mt from the previous week.

11 hours ago