EnergyWatch

Possible Norsk Hydro closure could reduce Norway's power use by 12 percent

If Norwegian aluminum and energy company Norsk Hydro closes for a period, there could be extensive consequences for the largest-ever Nordic PPA. The company has committed itself to buy power for 19 years from the enormous 650 MW Markbygden onshore wind farm – a commitment that might be difficult to uphold due to a raw materials shortage.

Photo: Anglo American

Norway could for the second time in a short period be the epicenter of shockwaves in the Nordic energy market.

The country's largest energy consumer, aluminum and energy company Norsk Hydro, has announced a possible temporary shutdown of all its aluminum production, which each year comprises approximately 12 percent of Norway's electricity usage, corresponding to 15.5 TWh. For comparison, the company's power consumption amounts to 49 percent of Denmark's entire 2017 electricity consumption.

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