Fortum and Hydro Energi AS sign a long-term power purchase agreement
FORTUM CORPORATION PRESS RELEASE 5 OCTOBER 2023
Fortum and the Norwegian aluminum and renewable energy company Hydro Energi AS have signed a 13-year fixed price Power Purchase Agreement (PPA) for the delivery of 0.44 TWh of electricity per annum in Sweden. The power is sourced from Fortum’s electricity portfolio in the SE2 (Sundsvall) price area in central Sweden. The contract period is 2024-2036.
Long-term partnerships play a vital role in ensuring predictability in long-term energy procurement and advancing electrification in the energy transition. The power supply agreement