Borregaard has signed a long-term power purchase agreement with Hafslund, securing electricity sourced from hydropower plants for the period from 2025 to 2034. The deal includes an annual contract volume of 88 GWh. This will account for 10–15% of Borregaard’s Sarpsborg site’s yearly energy consumption.
“This agreement is part of Hafslund’s commitment to long-term power contracts and PPAs. As Norway’s second-largest power production company, we want to be a partner for Norwegian industry and facilitate market-relevant power contracts,” said Håvard Hvarnes, Director of Power Markets at Hafslund Kraft.
Per A. Sørlie, President and CEO of Borregaard, highlighted the agreement’s strategic importance, stating, “This agreement will be a part of our long-term power supply and is also important for our strategy for electrification and reduced GHG emissions.”
Hafslund is Norway’s second-largest power producer, owning 81 hydropower plants. It also owns one wind power plant, with a total annual production of 22 TWh. The company also delivers district heating and has a significant stake in Elvia, providing power to 900,000 grid customers. Hydropower plants owned by Hafslund include Nedre Otta, Rosten, Uvdal 1 and 2, Hammeren, Dokka, Torpa and Faslefoss.
Borregaard operates one of the world’s leading biorefineries, producing eco-friendly biochemicals from renewable materials, employing 1,100 people across 13 countries.
