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Hydro Alunorte signs USD 200 million sustainability-linked loan to finance fuel switch project
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Hydro Alunorte signs USD 200 million sustainability-linked loan to finance fuel switch project
Business
Date posted: 05.04.2022
Category: Business News
Alunorte has signed a USD 200 million sustainability-linked loan for the fuel switch project. The pricing of the loan will be linked to the performance of the company’s greenhouse gas emission reduction target.
“The Alunorte fuel switch project is one of the main enablers to deliver on Hydro’s sustainability ambitions to reduce greenhouse gas emissions by 30% by 2030. The strong relationship with the participating banks has enabled us to create a solution linking profitability and sustainability,” says Pål Kildemo, Executive Vice President and CFO of Norsk Hydro ASA.
Source: Hydro