Bioenergy, Geothermal, Hydropower

Norsk Hydro Will Get Tax Refund

May 2, 2002 [SolarAccess.com] Norway’s Supreme Court has ruled in favor of Norsk Hydro ASA, allowing losses incurred in 1990 on the sale of shares in Norsk Hydro Canada Inc. to Norsk Hydro Denmark AS to be tax deductible. The judgment will result in a refund of taxes previously paid plus interest of approximately 550 million NOK (US$65 million).