EQS-News: Energiekontor and Salzgitter Flachstahl conclude PPAs for two photovoltaic park projects in Mecklenburg-Western Pomerania

Energiekontor and Salzgitter Flachstahl conclude PPAs for two photovoltaic park projects in Mecklenburg-Western Pomerania

Bremen/Salzgitter, 24 September 2024 – Energiekontor AG (“Energiekontor”), one of Germany’s leading developers and operators of wind and solar parks headquartered in Bremen and listed in the General Standard, and Salzgitter Flachstahl GmbH have concluded the first long-term power supply agreements for two solar park projects in Mecklenburg-Vorpommern. According to plans, Energiekontor will add these two projects to its portfolio after launch. The projects recently became ready for construction.

Energiekontor has received building permits for two solar park projects in Mecklenburg-Vorpommern in fiscal year 2023, both of which recently reached financial close. Construction work can now begin as the projects have been verified for creditworthiness. Two solar parks with a total peak capacity of around 113 megawatts are to be built at these locations. Commissioning is currently planned for mid-2026.

Against this backdrop, Energiekontor and Salzgitter Flachstahl GmbH have concluded preliminary long-term power purchase agreements (PPA) for a period of 15 years for both projects. Once the power plant is operational, Energiekontor will supply Salzgitter Flachstahl GmbH with more than 120 gigawatt-hours of green electricity per year – enough to save almost 84,000 tons of CO₂ year, mathematically speaking.

The agreements concluded in cooperation with Pexapark for the long-term supply of renewable energy provide a high level of planning security on both sides. The energy partnership also supports the decarbonisation of heavy industry in Germany, which is a key sector for achieving climate goals. Through its SALCOS® (Salzgitter Low CO₂ As part of its steelmaking transformation programme (Stalmaking), Salzgitter Group has taken a major step towards climate-neutral steel production. As part of the plans, green electricity will be used to produce hydrogen. The hydrogen produced will replace the coal used in the conventional blast furnace process. Instead of CO₂water is emitted, which can be reintroduced into the process. Overall, the Salzgitter Group aims to reduce CO emissions₂ emissions by 95 percent.

“We are proud to be able to contribute to the industrial transformation in Germany by supplying electricity from renewable energy sources,” says Peter Szabo, CEO of Energiekontor AG. “Strong partnerships such as the one between Salzgitter Flachstahl GmbH, one of the leading manufacturers of high-quality steel products, and us, an independent energy supplier, enable the energy transformation. At the same time, the implementation and technological diversification of our own project is gaining momentum, without government subsidies – an important goal for us.”

Ralph Schaper, Head of Energy Management at Salzgitter Flachstahl GmbH, adds: “With the conclusion of these two PPAs for photovoltaic energy, we have taken another major step towards securing our target portfolio of green electricity in the long term and diversifying our suppliers. The contract negotiations with Energiekontor give reason to hope for a cooperative partnership over the next 15 years. In addition to the competitive conditions, this is another very important point in light of the highly volatile market environment and increasingly limited human resources.”

About Energiekontor AG

For over 30 years, Energiekontor has stood for a solid business policy and extensive experience in the field of renewable energies. Founded in 1990 in Bremerhaven, Germany, the company is a pioneer in its industry and is currently one of the leading German project developers. Its core business includes planning and construction as well as operational management of wind and solar parks in Germany and abroad. In addition, Energiekontor operates 38 wind and solar parks with a nominal capacity of over 380 megawatts in its own portfolio. Currently, more than 100 megawatts are under construction, which are also intended for the Group’s own portfolio. Energiekontor also plays a pioneering role in economic terms and aims to implement the first wind and solar parks in all target markets at market prices as quickly as possible, regardless of state subsidies.

In addition to its headquarters in Bremen, Germany, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Berlin, Berlin-Spandau, Potsdam and Hildesheim. The company also has branches in England, Scotland, Portugal, France and the United States.

Since its establishment, Energiekontor has a proven track record of more than 160 wind and solar park projects with a total generating capacity of around 1.4 gigawatts. This corresponds to an investment volume of over EUR 2.0 billion. The significantly expanded project portfolio in the first half of 2024 (11.0 gigawatts excluding project rights in the USA) shows the future growth potential and the potential contribution that Energiekontor can make to the development of renewable energy sources.

Energiekontor AG (WKN 531350/ISIN DE0005313506/General Standard) is listed on the SDAX and TecDax exchanges of the German Stock Exchange in Frankfurt and can be traded on all German stock exchanges.

Contact

Julia Pschribülla
Head of Investor and Public Relations
Phone: +49 (0)421-3304-126

Kathrin Mateoschus
Investor and Public Relations Manager
Phone: +49 (0)421-3304-297

E-mail address for investor relations: [email protected]
E-mail for press matters: [email protected]

Energiekontor AG
Mary-Somerville-Strasse 5
28359 Bremen
Germany

Phone: +49 (0)421-3304-0
Fax: +49 (0)421-3304-444
E-mail address: [email protected]
Website: www.energiekontor.de/en/index.html

About Salzgitter AG

Salzgitter AG is one of Germany’s leading steel and technology groups. As a pioneer of the circular economy, we focus on sustainable innovation and transformation of products and processes in the business units of steel production, steel processing, trade and technology. With our strategy “Salzgitter AG 2030” and anchored in the principle “Pioneering in circular solutions”, we are setting new standards in the industry. Our aspirations are realized through strong initiatives and programs such as SALCOS® – Salzgitter Low CO₂ Steel production. Through partnerships and networks, we actively drive the development process towards a circular economy.

With around 25,000 employees worldwide in 160 national and international subsidiaries and affiliates, we are pursuing our global goals of growth, profitability and our pioneering position. In fiscal year 2023, we generated external sales of around EUR 11 billion with a crude steel production capacity of 7 million tons.

For more information, please visit: https://www.salzgitter-ag.com/en/index.html

Contact

Thorsten Möllmann
Head of Communication and Brand
Phone: +49 (0)5341-21-2300
E-mail address: [email protected]
Website: www.salzgitter-ag.com

Olaf Reinecke
Spokesperson
Phone: +49 (0)5341-21-5350
E-mail address: [email protected]
Website: www.salzgitter-ag.com