Iberdrola Deutschland and SHS-Stahl Holding Saar GmbH & Co. KGaA have announced a 15-year power supply agreement (PPA) which will enable SHS to cover its annual consumption of 200 GWh with around 50 MW of energy sourced from the 476 MW Baltic Eagle offshore wind project in Germany.
The Baltic Eagle offshore wind farm is the second of three major Iberdrola projects in Germany. The project will be commissioned at the end of 2024 and can provide green energy to around 475,000 private households while saving 800,000 tonnes of CO2 emissions annually.
Iberdrola Deutschland and SHS are committed to adopting renewable energy and technology to provide sustainable solutions in the energy sector, which will support Germany's energy transition goals.
Country updates
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June 20, 2023
LEAG, ESS Tech to jointly develop 50 MW energy storage project in Baden-Württemberg
LEAG has formed a partnership with ESS Tech to develop a 50 MW energy storage project in Germany. LEAG and ESS plan to initiate the EUR200 million (US$218.6 million) project to construct an iron redox...
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June 20, 2023
EnBW secures EUR500mn financing for 900 MW He Dreiht offshore wind farm project
Energie Baden-Württemberg AG (EnBW) has secured EUR500 million (US$546.36 million) in loan financing for the development and construction of the 900 MW He Dreiht offshore wind farm in the North S...
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June 14, 2023
Encavis commissions 45 MW German solar PV projects
Encavis Asset Management AG has connected two solar projects with a combined generation capacity of 45 MW to the power grid in Germany. The 22 MW Saturn solar park was constructed around a pre-existin...
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June 14, 2023
Omnes secures EUR800mn first close of Capenergie 5 fund
Paris-based private equity and infrastructure specialist, Omnes, had secured the first closing of Capenergie 5, its fifth-generation renewable energy fund, which has secured commitments of EUR800 mill...
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June 13, 2023
Octopus Renewables invests in 11.4 MW wind energy project near Prüm
Octopus Energy has announced its acquisition of an 11.4 MW wind project located on a disused site of a former US air station near Prüm in west Germany. The wind farm is composed of two Nordex tur...
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