Investor Presentaiton
Hydro Rein: Delivering on Hydro's ambitions in
renewable growth. Active capitalization process ongoing
Significant progress last 24 months
3.6 TWh
signed under long-term
EUR & USD PPAs
USD 2.7 billion
contracted revenues
20
numbers of renewable
projects in portfolio
NOK 2.5 billion
Remaining capex for
projects in construction,
incl. 2.1 BNOK in 2023
1.7 GW
gross capacity in
operation or
construction
30
sites identified for
Energy Solutions
Hydro Rein EBITDA estimates 2026/27. CAPEX 21-26
3.0 GW
1.3 GW
1.7 GW
Hydro Rein in 2026
3 GW
Gross portfolio in
operation and
construction
>500 MW
added gross capacity to
pipeline on average
annually
NOK 400-450
million¹)
Estimated EBITDA
contribution from
projects in construction
2026 Gross Installed
Capacity in construction
or operation
(GW)
Hydro
-5,000-6,500 MNOK
-750-900 MNOK
(ex. corp. cost)
3,000
Hydro Rein equity capex
(MNOK)
-100-200
Hydro Rein pro-
rata EBITDA
Corporate cost
Projects to reach 2026 target
Secured projects
All financial figures in MNOK has been converted by using fixed FX of 9.7 on EUR/NOK and USD/NOK
Capex and EBITDA figures for indicative/pipeline projects to secure the additional 1.3 GW are based on high-level multiples for targeted wind and solar project in Nordics
and Brazil, based on an assumed technology mix, targeted ownership share and leverage. All figures exclude Energy Solutions and Offshore wind.
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