Iberdrola Deutschland, Stahl Holding Saar Sign Power Purchase Agreement for Wind Energy
June 20 2023 - 7:20AM
Dow Jones News
By Giulia Petroni
Iberdrola Deutschland has signed a long-term power-purchase
agreement with steel maker Stahl Holding Saar for the supply of
wind energy.
The company said Tuesday that the PPA will last 15 years and
allow SHS to cover an annual consumption of 200 gigawatt hours. The
wind power will be supplied from Iberdrola's Baltic Eagle offshore
wind farm, which is being built in the Baltic Sea and set to be
commissioned at the end of next year.
"This is the first of several PPAs planned by the two companies
for the coming years," Iberdrola said.
Financial details weren't released.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
June 20, 2023 07:05 ET (11:05 GMT)
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