Statkraft secures a long-term power agreement with Hydro Energi
The deal supplies 876 GWh annually from 2031 to 2040 in Norwegian price area NO5, supporting stable energy costs for aluminium production.
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Renewable energy generation and energy trading company
statkraft.comLast updated
In short: Statkraft reported strong financial results, announced a strategic focus on core markets, and planned a major hydro investment in Norway.
The deal supplies 876 GWh annually from 2031 to 2040 in Norwegian price area NO5, supporting stable energy costs for aluminium production.
The project replaces existing facilities, increasing capacity from 109 MW to 257 MW and boosting renewable power production by approximately 10 percent without new reservoirs.
Underlying EBITDA rose to NOK 6.6 billion, net profit negative due to high resource rent tax, and strategic divestments completed in the quarter.
The combined entity will operate in Norway, Sweden, Denmark, and Germany, with Statkraft owning 43% and Eviny 57%.
Can the oil pollution from the landfill under Storevassdammen in Bykleheia spread further in the watercourse? That is the question Statkraft Energi A/S wants answered.
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