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Home›Business & Finance›Two German Steel Producers to Buy Electricity from Baltic Eagle Offshore Wind Farm
Business & Finance

June 20, 2023 · about 3 years ago

Two German Steel Producers to Buy Electricity from Baltic Eagle Offshore Wind Farm

Iberdrola Deutschland and SHS – Stahl Holding Saar, an operational management holding company that performs tasks for the two major steel companies in the German state of Saarland, Dillinger and Saarstahl, have signed a 15-year power purchase agreement (PPA) for the Baltic Eagle offshore wind farm.

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Two German Steel Producers to Buy Electricity from Baltic Eagle Offshore Wind Farm

The 476 MW project is the second of three large-scale offshore wind farms Iberdrola has in Germany, alongside the 350 MW Wikinger and 300 MW Windanker.

Collectively, the three wind projects form the company’s so-called Baltic Hub, which will have a total capacity of more than 1.1 GW by 2026 and account for an investment of about EUR 3.7 billion in total.

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