Hydro signs long-term power supply deal with Statkraft for 2031-2040 deliveries

Reuters2026/08/24 06:06

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Norsk Hydro signed a long-term power purchase agreement with Statkraft for 876 GWh per year from 2031-2040.
Total contracted volume of about 8.8 TWh over the term, delivered in Norway’s NO5 price area.
Supply targets Hydro’s Årdal aluminum plant, supporting long-term power cost stability for Norwegian smelting operations.
Hydro also referenced earlier 2026 PPAs with Statkraft covering 0.9 TWh per year in 2029-2030.
Earlier deals also include 1.3 TWh per year from 2031-2038, extending Hydro’s contracted renewable power coverage into the next decade.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Norsk Hydro ASA published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hydro signs long-term power supply deal with Statkraft for 2031-2040 deliveries

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