# Norsk Hydro and Lyse form hydropower joint venture

Norsk Hydro and municipal utility Lyse are merging parts of their hydropower production into a joint company. Lyse will hold 74.4% and Hydro 25.6%, with total power output of 9.5 TWh per year.

- Type: Partnership
- Announced: 2020-10-21
- Where: Norway
- Status: announced
- Capacity: 9.5 TWh per year
- Products: hydropower
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Norsk Hydro](https://endata.com/companies/7133.md) (partner)
- [Lyse](https://endata.com/companies/7134.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/article/markets/norsk-hydro-lyse-form-norwegian-hydropower-joint-venture-idUSL8N2HC1U3/), 2020-10-21: "Aluminium producer Norsk Hydro and municipal utility Lyse are merging parts of their hydropower production into a joint company to secure long-term renewables production and competitiveness."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.