◂ Announcements

Acquisition

Oct 21, 2020ACQUISITIONsouth-west Norway, Norway

Norsk Hydro and Lyse to merge hydropower assets into new Lyse Kraft DA

Norsk Hydro and Lyse plan to merge part of their hydropower production in south-west Norway into a new company, Lyse Kraft DA, with normal annual production of 9.5 TWh. Hydro will own 25.6% and Lyse 74.4%.

Status

Announced

Capacity

9.5 TWh normal annual power production

Productshydropowerrenewable power

CompaniesNorsk Hydro partner Lyse partner

“Lyse and Hydro will merge their power production assets in the south-west region of Norway through the establishment of a new company.”globenewswire.com

1 source
globenewswire.comNorsk Hydro: Hydro and Lyse to establish hydropower companyOct 21, 2020

Summarized from public sources; check the original articles before acting on it.

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