Salzgitter Group has joined hands with Friesen Elektra PV I Sande GmbH & Co. KG to secure a long-term power purchase agreement (PPA).
This partnership aims to source 80 megawatts (MW) of green electricity from the “Sande Hybrid Energy Park,” currently under construction in Lower Saxony, Germany.
The PPA, set to commence in May 2024, signifies a significant leap in the region’s transition to renewable energy. The Sande Hybrid Energy Park will encompass an impressive 120 MW, generated from a combination of wind turbines and photovoltaic systems. This sustainable energy will not only cater to Salzgitter Flachstahl’s electricity needs but will also play a pivotal role in Salzgitter AG’s quest for virtually carbon-neutral steel production.
Green hydrogen is the key focus of the long-term plan. Salzgitter Flachstahl aims to employ this green power for hydrogen production, solidifying its commitment to environmentally responsible steelmaking. The agreement also includes the option of sourcing locally produced green hydrogen.
Gunnar Groebler, CEO of Salzgitter AG, emphasized the strategic importance of sustainable steel and energy production, both for the company and its stakeholders. Salzgitter is working relentlessly to achieve its goal of climate-neutral steel production, and this PPA is a significant step in that direction.
Maximilian Graf von Wedel, Managing Director of Friesen Elektra Green Energy AG, pointed out the local benefits of this initiative. It not only elevates the regional value chain based on green energy but also enhances the local green economy, reducing energy imports and fossil fuel dependence. This endeavor is set to boost Germany as a business location.
Olaf Lies, Lower Saxony’s Minister of Economic Affairs, emphasized the significance of the region in providing clean energy to the entire country. The Sande Hybrid Energy Park stands as an innovative example of harnessing locally produced renewable energy, underlining Friesland’s pioneering role in implementing environmentally compatible energy solutions.