Hydro Secures 5 TWh Renewable Power Deal for Low-Carbon Aluminium in Norway

Published: Jul 24, 2026 09:45

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[SMM Aluminum Express News] Hydro has signed a long-term renewable power purchase agreement (PPA) with Eviny Fornybar, securing 0.5 TWh of electricity annually from 2031 to 2040 for its Norwegian aluminium operations. The agreement covers a total of 5 TWh of renewable power over the contract period, with supply delivered in Norway's NO5 electricity price area, supporting Hydro's low-carbon aluminium production. The agreement strengthens Hydro's long-term energy security as the company continues to lock in renewable power for its smelters. Hydro said the contract will help meet future power demand and support its roadmap toward net-zero emissions by 2050, following other recently announced long-term renewable power agreements in Norway.

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