JSSI-JSS S.EQ.-SY.EM PD (XP62.MU)

Norsk Hydro: Hydro Rein and Macquarie Asset Management to develop hybrid wind and solar project in Brazil to supply Alunorte and Paragominas

Hydro Rein and Macquarie Asset Management’s Green Investment Group (GIG) have entered into agreements to form a joint venture to build and operate Feijão, a 586 MW combined wind and solar power project in the northeast of Brazil. The project will supply 100% of the electricity required for Hydro’s bauxite mine Paragominas and will further reduce carbon emissions from Hydro’s alumina refinery Alunorte, by enabling coal replacement towards 2030. Alunorte and Paragominas have both signed long-term