As part of this initiative, the company signed Power Purchase Agreements (PPAs) with Quadra Energy, Statkraft, Centrica Energy, and Sunnic Lighthouse.
The agreements cover a renewable energy portfolio consisting of regionally distributed wind and photovoltaic plants across Germany. Their primary purpose is to supply green electricity to thyssenkrupp Rasselstein, thyssenkrupp Precision Steel, and thyssenkrupp Electrical Steel.
Securing renewable energy volumes is seen as a central pillar of the company’s energy and transformation strategy. Philipp Conze, CFO of thyssenkrupp Steel, said that the new green electricity supply agreements represent an important step toward lower-carbon production, adding that electricity PPAs are an indispensable part of the company’s decarbonization strategy.
The total contracted volume of around 230 GWh corresponds to the annual electricity consumption of approximately 70,000 households. The green power will be sourced from new photovoltaic facilities in Germany as well as subsidized onshore wind farms. Through this supply, the company aims to avoid more than 70,000 tonnes of carbon emissions per year. In addition, the agreements are intended to support the continued economic operation of wind farms that are no longer receiving EEG subsidies.
Since the beginning of the year, thyssenkrupp Steel’s subsidiaries thyssenkrupp Rasselstein and thyssenkrupp Electrical Steel have been supplied with green electricity. The Hohenlimburg site has been sourcing power directly from a neighboring wind farm in Hagen-Hohenlimburg since the summer of 2024.
This supply model, delivered via a dedicated cable line of around three kilometers, is described as the first project in Germany in which an industrial company is supplied directly with electricity from a wind farm. The company emphasized that the project serves as a model for the energy transition.
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