Core Viewpoint - Reykjavík Energy and Norðurál have signed a new power purchase agreement (PPA) for 150 megawatts, which will replace previous contracts and is set to last for up to five years, starting in Q4 2026 [1][5]. Group 1: Agreement Details - The new PPA will phase out previous electricity sales contracts and is expected to significantly enhance the profitability of electricity sales, exceeding projections in Reykjavík Energy's financial forecast for 2025-2029 [3][5]. - The agreement includes a cessation of arbitration proceedings related to prior contract interpretations, indicating a resolution of previous disputes [2]. Group 2: Strategic Importance - This agreement is seen as a crucial step in strengthening the cooperation between Reykjavík Energy and Norðurál, both key players in Icelandic industry, and is vital for securing electricity for environmentally friendly aluminum production [6]. - The CEOs of both companies expressed satisfaction with the negotiations, highlighting the importance of market pricing and the sustainable benefits of the electricity produced [7]. Group 3: Future Outlook - The agreement aligns with Reykjavík Energy's goal of securing improved pricing for electricity sold to power-intensive industries, while also creating new opportunities for sustainable development [4]. - The next financial forecast from Reykjavík Energy is expected to be published in Q4 2025, which will provide further insights into the financial implications of this agreement [3].