Borregaard Strikes Decade-Long Hydropower Deal

Borregaard ASA (GB:0QB7) has released an update.

Borregaard ASA, a leading biorefinery, has secured its energy future by signing a long-term power purchase agreement with Hafslund, a Norwegian hydropower company, to last from 2025 to 2034. This deal guarantees an annual supply of 88 GWh of electricity, which will cover 10-15% of the energy needs for Borregaard’s Sarpsborg site.

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