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Salzgitter Flachstahl and Iberdrola Deutschland have signed a long-term power supply contract. The electricity is to be sourced from the "Baltic Eagle" offshore wind farm currently under construction in the German Baltic Sea.
Based on this power purchase agreement (PPA), Salzgitter Flachstahl GmbH has secured the delivery of 114 megawatts (MW) of green electricity over a period of 15 years from the new offshore wind farm that is scheduled to go online at the end of 2024. Once commissioned, Baltic Eagle, that is currently being built around 30 km to the northeast of the island of Rügen, will deliver an overall capacity of 476 MW. The green electricity from the wind turbines will be used to produce green hydrogen. Green hydrogen is a core component for Salzgitter AG to produce virtually carbon-neutral steel.
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