Borregaard ASA Secures Long-Term Power Agreement with Hafslund
Borregaard ASA Enters Long-Term Power Agreement
Borregaard ASA has reached a significant milestone by signing a new long-term power purchase agreement with Hafslund, a leading Norwegian hydropower producer. This agreement is set to span from 2025 to 2034 and marks an important step in securing sustainable energy for Borregaard's operations.
Details of the Power Purchase Agreement
Under the terms of the contract, Borregaard will receive an annual power supply of 88 GWh. This amount constitutes approximately 10–15% of the total energy consumption at Borregaard's Sarpsborg facility. The significance of this contract lies not just in the quantity of energy delivered, but also in its contribution to Borregaard’s commitment to sustainable practices.
Advantages of Hydropower
Hydropower, being a renewable energy source, plays a crucial role in reducing carbon emissions. By partnering with Hafslund, Borregaard is reinforcing its position as a leader in environmentally friendly energy usage. This agreement exemplifies how companies can collaboratively work towards sustainability and energy efficiency.
Commitment to Sustainability
Borregaard has long been dedicated to promoting sustainability within its operations. This new contract with Hafslund is aligned with the company’s strategic goals to optimize energy consumption while making a positive ecological impact. The integration of renewable energy into their energy mix is set to enhance their operational efficiency and minimize reliance on fossil fuels.
Future Outlook and Strategic Goals
By securing this power agreement, Borregaard is not only ensuring a stable supply of energy but also positioning itself for future growth. The reliable energy source will allow for continued innovation and development within the company, particularly at the Sarpsborg site, which is critical to Borregaard's production capabilities.
Contact Information for Investor Queries
If you have any inquiries related to this new power agreement, you can reach out to Knut-Harald Bakke, the Director of Investor Relations, at +47?905 79 164. The company encourages transparency and responsiveness to investor questions, reinforcing their commitment to stakeholder engagement.
Frequently Asked Questions
What is the duration of the new power purchase agreement?
The contract spans from 2025 to 2034, ensuring Borregaard a long-term sustainable energy source.
How much energy will Borregaard receive annually?
Borregaard will receive 88 GWh of power each year through this agreement.
What percentage of Sarpsborg's energy consumption does this represent?
This power supply will constitute about 10–15% of the Sarpsborg site’s annual consumption.
Who can I contact for more information regarding this agreement?
For more information, you can contact Knut-Harald Bakke, the Director of Investor Relations, at +47?905 79 164.
What benefits does hydropower offer to Borregaard?
Hydropower offers renewable energy that helps reduce carbon emissions, supporting Borregaard's commitment to sustainability.
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