Statkraft to supply electricity to Alcoa¡¯s aluminium production facilities

Statkraft and Alcoa Norway have inked a long-term contract for the supply of power during the period 2020 to 2026. Statkraft will supply approximately 440 GWh of power annually to Alcoa’s Norwegian aluminium production facilities.

Hallvard Granheim, Executive Vice President Markets & IT in Statkraft said: “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.”

Kai-Rune Heggland, Country Manager Alcoa Norway commented: “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.”

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