Borregaard signs long-term power contract with Å Energi
Borregaard and the Norwegian hydropower producer Å Energi have entered into a new long-term power purchase agreement for the period from 2024 to 2033.
The annual contract volume is 88 GWh, representing 10-15% of the Sarpsborg site’s annual consumption
– It is important for us to provide viable and competitive power purchase agreements to industrial companies, and by that creating long term predictability, says Steffen Syvertsen, CEO of Å Energi AS.
– This agreement will be a part of our long-term power supply strategy which is important also for our strategy for electrification and reduced GHG emissions, says Per A. Sørlie, President and CEO of Borregaard.
About Å Energy AS
Norway's largest power group with operations in the entire value chain, from production to consumer. The group produces around 11.3 TWh at 73 hydropower stations, and includes Norway's second largest grid company. In addition, the group supplies renewable energy and energy services to industries across the Nordic region. The group has 1,400 employees.
Borregaard operates one of the world's most advanced and sustainable biorefineries. By using natural, renewable raw materials, the company produces advanced and environmentally friendly biochemicals that can replace oil-based products. Borregaard employs 1100 man-years in plants and sales offices in 13 countries throughout Europe, Asia and the Americas.
EVP Renewable Energy Management and Trading, Å Energi
+47 469 58 588
Director Investor Relations, Borregaard ASA
+47 905 79 164
Dag Arthur Aasbø
SVP – Organisation and public Affairs – Borregaard
+47 918 34 108