Statkraft, Europe’s largest renewable energy producer, and Fortia Energía, a major Iberian electricity supplier, have signed a five-year power purchase agreement (PPA) with Network Steel, one of Spain’s leading steel product suppliers.
The deal will provide renewable wind and solar power from Statkraft’s assets in Spain, covering almost 50% of Network Steel’s annual electricity consumption.
Under the agreement, Statkraft supplies the power, Fortia acts as the buyer, and then delivers renewable energy to Network Steel.
This agreement will allow Network Steel to stabilize energy costs, reduce exposure to market volatility, support decarbonization goals, and strengthen competitiveness in a challenging energy market.
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