Sao Paolo, BRAZIL – Hydro Rein is looking to boost its presence by supplying green electricity to large industries seeking clean power.
Reuters has announced that Norsk Hydro's (NHY.OL) renewable energy unit (Hydro Rein) is looking to boost its presence by supplying green electricity to large industries seeking clean power. The Norwegian energy unit has already invested in solar and wind power projects to supply electricity to three of Norsk's Brazilian industrial complexes.
Marcela Jacob, Rein's country head, talked about expanding their presence in the Brazilian energy market.
"It is already part of our strategy to support Hydro's plants in the transition to a low-carbon economy, but we do not want to limit ourselves to that. Our expansion plan goes further, focused on industrial consumers, whose needs we understand," said Marcela.
"We have already started to bid on projects from industrial clients," she said. Rein is focusing on long-term deals and auto-production contracts, where it will form a joint venture with the energy consumer to develop the project.
Source: Reuters