# 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%.

- Type: Acquisition
- Announced: 2020-10-21
- Where: south-west Norway, Norway
- Status: announced
- Capacity: 9.5 TWh normal annual power production
- Products: hydropower, renewable power

## Companies

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

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2020/10/21/2111526/0/en/norsk-hydro-hydro-and-lyse-to-establish-hydropower-company.html), 2020-10-21: "Lyse and Hydro will merge their power production assets in the south-west region of Norway through the establishment of a new company."

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