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Norsk Hydro's wholly owned subsidiary, Hydro Energi, has signed a 29-year long-term wind energy contract with Green Investment Group, according to a statement released on Thursday.
The contract is considered the longest commercial agreement in the world. The new wind farm near Sundsvall and Östersund in Sweden (SE2) ensures an annual delivery of 0.3 terawatt hour (TWh) of electricity between 2021 and 2031 and 0.55 TWh of electricity. electricity between 2031 and 2050, the statement said.
The contract will contribute to the electricity supply of Hydro's aluminum plant in Norway
– Over the last 2.5 years, we have now secured contracts from 39, wind energy for our Norwegian aluminum plants, totaling about 4.5 terawatt hours by According to Arvid Moss, Executive Vice President of Energy at Hydro
about 70% of the production of electricity. Hydro's primary aluminum is based on renewable energy, while the corresponding figure for the Norwegian company's production portfolio is 100%.
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