Core Viewpoint - Hydro has reached a settlement regarding the long-term power purchase agreement (PPA) with Cloud Snurran AB, allowing for compensation of up to EUR 90 million due to the voluntary termination of the PPA [1][2] Group 1: Settlement Details - Hydro is entitled to compensation of up to EUR 90 million for the voluntary termination of the PPA, which includes compensation for non-delivered volumes and future power deliveries [1][2] - The Svea Court of Appeal approved Cloud Snurran AB's reorganization application, leading to the termination of the reorganization process and the final settlement with Hydro [2] - The settlement is expected to become effective in July 2025, subject to certain closing requirements [4] Group 2: Power Purchase Agreement Background - Hydro Energi AS signed a long-term PPA with Cloud Snurran AB in 2018, which stipulated an annual baseload supply of 300 GWh from 2020 to 2030 and 550 GWh from 2031 to 2049 [1] - Cloud Snurran AB has faced financial difficulties and has not delivered the agreed volumes to Hydro since November 2024 [1] Group 3: Sourcing Situation - The sourcing situation at Hydro's Norwegian smelters is robust, with an average annual equity hydropower production of 9.4 TWh and a contract portfolio of around 8.5 TWh per year through 2030 [3] - Hydro is actively pursuing various sourcing options to meet the demand for cost-competitive renewable power as several long-term power agreements will expire at the end of 2030 [3]

Hydro has agreed to a settlement for the long-term power purchase agreement (PPA) with Cloud Snurran AB. In the settlement, Hydro is entitled to compensation of up to EUR 90 million for its voluntary termination of the PPA. Hydro Energi AS signed a long-term PPA with Cloud Snurran AB in 2018 for an annual baseload supply of 300 GWh in the period 2020-2030, and 550 GWh in the period 2031-2049. Cloud Snurran AB has experienced financial challenges for the last few years and has as a result not delivered volu ...

DELAWARE, Ohio, July 16, 2025 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, is pleased to announce its Virtual Power Purchase Agreement (VPPA) through Enel X Global Retail team of experts and with Enel Green Power España (EGPE), started on July 1, 2025 following the successful construction and activation of the associated solar farms in Castilla y Léon, Spain. Under the 12-year agreement, Greif will purchase approximately 100 GWh per year ...

ab 11 June 2025 Powered by YES UBS Evidence Lab Global Research North America Alternative Energy Revisiting 100% Clean Energy AI Data Centers AI data centers continue to be a primary driver of electricity growth and demand for renewables in the U.S. In this report, we revisit technology companies' commitments to matching their electricity demand with clean energy. For a primer on how the companies achieve their targets and our top idea on the theme (FSLR) see these reports: Electricity Demand Growth Outpaci ...

Executing Our Strategy Validating The Thesis On Power & Data Intersection Talen Energy Corporation | June 11, 2025 Disclaimers The information contained herein, as well as any information that has been supplied orally in connection herewith, speaks only as of the date of this presentation. Talen Energy Corporation ("Talen," "TEC," the "Company," "we," "our," or "us") and our affiliates and representatives expressly disclaim any obligation to update any information contained herein, whether as a result of ne ...

Agreements Bolster AES' Position as the Energy Partner of Choice for Corporate Customers ARLINGTON, Va., May 21, 2025 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced that it has entered into two long-term Power Purchase Agreements (PPA) to support Meta's data centers with 650 MW of solar projects that AES is bringing online in the Southwest Power Pool (SPP) market. "AES is proud to partner with Meta to deliver reliable and affordable renewable energy that supports their data center growth an ...