Iberdrola Deutschland and Salzgitter Flachstahl GmbH have sealed a new 15-year power purchase agreement (PPA). Starting 2025, Iberdrola will deliver approximately 60 GWh of green electricity yearly, sourced from its second large-scale PV plant in Saxony-Anhalt, Germany. This move signifies Iberdrola’s continued growth in the German onshore business sector.The upcoming PV project in Saxony-Anhalt is well underway, aiming for completion in 2025. It’s projected to have a peak capacity of 60 MWp.
Salzgitter and Iberdrola deepen their collaboration with an additional 900 GWh of green electricity through the new PPA. This expansion goes beyond the 6,500 GWh supplied from the Baltic Eagle offshore wind farm. The goal is to provide competitive and consistent electricity prices for large commercial clients dedicated to eco-friendly, sustainable energy.
“The expansion of our cooperation with Iberdrola is another important component of our energy strategy. With their support, we can secure the demand for electricity generated from renewable sources for Salzgitter AG and in particular for our SALCOS® transformation program. True to our mission ‘Partnering for Transformation’,” said Ulrich Grethe, CEO of Salzgitter Flachstahl. “Establishing sustainable production and process chains is becoming increasingly important for us and our supplier and customer industries. By concluding this new power purchase agreement, we are taking a major step towards climate-neutral production.”
“We are delighted about the cooperation with Salzgitter Flachstahl GmbH. The long-term power purchase agreement (PPA) underlines our commitment to promoting renewable energies and accelerating the energy transition,” emphasized Felipe Montero, CEO of Iberdrola Deutschland. “By entering into strong partnerships with industry leaders such as Salzgitter Flachstahl GmbH, we are taking another important step in our integrated growth strategy, particularly in the onshore business. Through long-term PPAs, we want to realize projects that actively contribute to the green transformation of German industry. At the same time, we are also supporting other key players with market-based solutions to help them achieve their climate targets.”
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