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Norsk Hydro Asa ( (GB:0Q11) ) just unveiled an update.
Norsk Hydro Asa has announced its largest hydropower investment in over two decades with the construction of the Illvatn pumped storage power plant in Luster, set to begin operations in 2030. This project, with a gross investment of 2.5 billion kroner, aims to enhance energy production and reservoir capacity, contributing to Hydro’s aluminum production and setting a new standard for sustainable hydropower development. The initiative is part of Hydro’s broader strategy to secure renewable power for industrial development in Norway, supporting its goal of producing zero-carbon aluminum by 2050.
The most recent analyst rating on (GB:0Q11) stock is a Hold with a NOK71.00 price target. To see the full list of analyst forecasts on Norsk Hydro Asa stock, see the GB:0Q11 Stock Forecast page.
More about Norsk Hydro Asa
Norsk Hydro Asa is a prominent player in the renewable energy sector, primarily focusing on hydropower development. The company is also involved in aluminum production, leveraging its renewable energy resources to maintain a low carbon footprint.
Average Trading Volume: 3,760,485
Current Market Cap: NOK145.3B
For a thorough assessment of 0Q11 stock, go to TipRanks’ Stock Analysis page.