off-the-wire

Germany's Salzgitter signs long-term green energy deal with Iberdrola

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 20 (Reuters) - German steelmaker Salzgitter said on Thursday that it has signed a long-term green energy supply deal with Spanish power company Iberdrola .


The German subsidiary of Iberdrola will provide Salzgitter with 114 megawatts (MW) of power from its Baltic Sea wind farm for 15 years, starting from 2024, it added. The deal's value was not disclosed.


On Tuesday, Germany's second-largest steel producer received an almost 1-billion euro ($1.09 billion) subsidy to fund its hydrogen-based steel production project.



($1 = 0.9158 euros) (Reporting by Tom Kaeckenhoff and Andrey Sychev Editing by Miranda Murray)

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