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GREEN POWER FOR SALCOS®
Supply agreement concluded with energy company ENGIE
The agreement between the Salzgitter Group and ENGIE secures the existence of ten wind parks in Germany
The Salzgitter Group and energy firm ENGIE have signed a power purchase agreement (PPA). This agreement guar- antees the supply of 250 GWh of elec- tricity per year and will run until the end of 2025. ENGIE ranks among the world’s leading PPA providers and, with a volume in excess of 2 TWh, is one of the top
three portfolio holders for post-EEG sys- tems. Some of the electricity will be gen- erated at ten German onshore wind parks that no longer receive EEG subsi- dies and can now be retained to support the energy transition. A further share of electricity will be generated by new sys- tems that came online in late 2021.
“The PPA with ENGIE is an important ele- ment of our transformation towards green steel and puts us in a position to smelt and process steel in the electric arc oven with demonstrably green elec- tricity from 2023,” underscores Ralph Schaper, Head of Energy Management at SZFG.
FUNDING GREENLIGHTED
EU Commission declares that nation-state support for low- CO2 steel production is permissible
SALZGITTER INSIDE
An important step for SALCOS® (from left): Gunnar Groebler, CEO of Salzgitter AG; Stefan Wenzel, State Secretary at the BMWK; Stephan Weil, Minister Presi- dent of Lower Saxony; Ulrich Grethe, Head of Steel Production at Salzgitter AG, and Martin Zappe, SALCOS® Program Manager
The EU Commission has declared that the funding sought by Salzgitter is compatible with European law. This checks off another requirement for the award of funds and follows the signing of an administrative agree- ment in which Minister President Stephan Weil, State Secretary Stefan Wenzel, the state of Lower Saxony and the Federal Republic of Germany committed to support the SALCOS® project. Subject to a positive final de- cision, Salzgitter AG expects the Fed- eral Republic of Germany to support the SALCOS® project with up to €700 million, alongside up to €300 million from the State of Lower Saxony, in line with the administrative agree- ment. Together with €723 million of funds made available by Salzgitter AG, this would secure financing for the first stage of SALCOS®, which is scheduled for completion by the end of 2025.
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Photo: Carsten Brand