Iberdrola signs 50MW Baltic Eagle PPA
Iberdrola has signed a 15-year 50MW power purchase agreement to supply steelmaker Stahl Holding with electricity from the 476MW Baltic Eagle offshore wind farm.
The utility's German arm is set to supply power that will enable Stahl to improve the environmental credentials of its steel production, as well as the operations of its subsidiaries Saarstahl and Dillinger. The deal is due to cover annual consumption of 200GWh.
The companies are also exploring opportunities for further cooperation in onshore wind, offshore wind and green hydrogen production.