7-year power supply agreement with Alcoa Norway

08.05.2019 15.00 | pressrelease

Hallvard Granheim and Kai-Rune Hegglund

Executive Vice President Markets & IT in Statkraft Hallvard Granheim and Country Manager Alcoa Norway, Kai-Rune Heggland.

Statkraft and Alcoa Norway have entered into a long-term power supply agreement for the period 2020 to 2026. The total delivery will be just above 3 TWh, with annual deliveries of approximately 440 GWh.

The contract will contribute to supply Alcoa’s Norwegian aluminium production with power.

– As competition for long-term power supply agreements has picked up in Norway, I’m pleased to enter a new contract confirming competitive terms and Statkraft’s role as a preferred supplier of electricity to Norwegian industry, says Executive Vice President Markets & IT in Statkraft, Hallvard Granheim.

– Access to renewable energy at globally competitive prices is key to Alcoa’s focus on climate change and further development in Norway. We are very satisfied that Statkraft now can offer competitively priced contracts with the duration we wanted for our hedging portfolio in Norway, says Country Manager Alcoa Norway, Kai-Rune Heggland.