Hydro's aluminium smelter in Sunndal is located in price area NO3 and is the largest and most modern primary aluminium plant in Europe with a capacity of 450,000 tonnes of liquid metal per year. (Photo: Herman Skjølsvik/Hydro)

The contract will be delivered in Norwegian electricity price area NO3 and will provide an aggregated supply of 1.75 TWh during the contract period.

Based on renewable energy, Hydro can produce aluminium in Norway with a carbon footprint about 75 percent less than the global average. Renewable energy is also key for Hydro to continue to modernize aluminium production and succeed with its technology roadmap towards zero emissions by 2050.

Hydro is pursuing multiple sourcing options to meet future renewable power needs, combining long-term contracts with partners such as Alpiq with investments in new renewable projects and upgrades to its own power assets.

KeyFacts Energy Industry Directory: Hydro