Norsk Hydro

Norsk Hydro Inks 29 Year Wind Power Deal With Green Investment Group

Norsk Hydro Inks 29 Year Wind Power Deal With Green Investment Group

Norwegian aluminium producer Norsk Hydro A.S.A. announced yesterday a deal between its wholly-owned subsidiary Hydro Energi AS and Macquarie Group Limited’s Green Investment Group for 29 years of wind power. The deal is likely the longest corporate wind power deal yet negotiated....

Events

Mandatory Cuts at Alunorte Mar Norsk Hydro’s Positive Numbers in Q1

Though Norsk Hydro A.S.A. returned higher overall numbers for the first quarter, the mandated capacity cut at Alumina do Norte do Brasil S.A. (Alunorte) meant the firm will likely miss its cost-cutting target for the year. Hydro reported a first-quarter revenue total of NOK39.970 billion, a 74-percent improvement year-on-year. Earnings before financial items and tax […]

Norsk Hydro Weighing Force Majeure Declaration on Rusal Contracts

With the ink scarcely dry on a similar announcement by Rio Tinto Group, Norsk Hydro A.S.A. revealed on Friday that it may be forced to declare force majeure on certain contracts it has with U.C. Rusal. Hydro told investors that the sanctions levied upon Rusal by the United States government may prevent it from fulfilling […]

U.S. Sanctions and Brazilian Flooding May Pose Dire Situation for Aluminium Market: Hydro’s Brandtzæg

Thanks to the United States government’s sanctions upon the world’s second-biggest aluminium producer and mandated production cuts at his own company’s operations, the head of Norsk Hydro says that the global aluminium market may soon find itself mired in significant supply shortage. Hydro’s President and CEO Svein Richard Brandtzæg said as much in an interview […]

Pair of Independent Investigations Find No Pollution by Alunorte

Norsk Hydro A.S.A. reported the findings of two reviews of the ongoing situation at Alumina do Norte do Brasil S.A.’s (Alunorte) refining plant, both of which confirm the company’s contention that the plant released no toxins during a flooding event several weeks ago. The two reports, of which one was a review by an internal […]