NHYDY - Norsk Hydro: Hydro notified about company reorganization of Markbygden Ett AB | Benzinga
Hydro has been informed Markbygden Ett AB has entered a company reorganization process in accordance with the Swedish Reorganization Act. The process may affect deliveries under the long-term power contract between Markbygden Ett AB and Hydro Energi AS, but it will not affect the security of supply to Hydro's Norwegian smelters.
Hydro Energi AS signed a long-term power purchase agreement (PPA) with Markbygden Ett AB in 2017, for annual baseload supply of 1.65 TWh in the period 2021-2039. The contract was a key enabler for financing and developing the onshore wind park Markbygden, located west of Piteå, in northern Sweden. ...