Borregaard signs long-term power contract with Hafslund
September 23, 2024
Borregaard and the Norwegian hydropower producer Hafslund have entered into a new long-term power purchase agreement for the period from 2025 to 2034.
The annual contract volume is 88 GWh, representing 10-15% of the Borregaard Sarpsborg site's annual consumption.
"This agreement is part of Hafslund's commitment to long-term power contracts and PPAs. As Norway's second-largest power production company, we want to be a partner for Norwegian industry and facilitate market-relevant power contracts", says Håvard Hvarnes, Director of Power Markets at Hafslund Kraft.
"This agreement will be a part of our long-term power supply and is also important for our strategy for electrification and reduced GHG emissions", says Per A. Sørlie, President and CEO of Borregaard.
