Green Electricity Deal: Iberdrola and TMD Friction Services Join Forces

Ignacio Galán, Executive Chairman of Iberdrola, at the offshore wind farm in Saint-Brieuc.

(IN BRIEF) Iberdrola and TMD Friction Services have signed a 15-year contract for the supply of green electricity. Iberdrola will provide approximately 50 GWh of clean energy per year to cover over 50% of TMD’s electricity demand in Germany starting in 2027. The power will come from the Windanker offshore wind farm in the Baltic Sea, currently in the planning stage. Windanker will feature 21 offshore wind turbines with a total capacity of 300 MW, expected to be connected to the grid by 2026. This marks Iberdrola’s third offshore wind project in the German Baltic Sea, and together with previous projects, it forms the Baltic Hub, with a total capacity of over 1.1 GW by 2026, representing an investment of approximately €3.7 billion. Iberdrola is a major player in offshore and onshore wind, photovoltaic projects, and offers green energy solutions to industrial and commercial customers, including power supply, portfolio management, long-term PPAs, and integrated solutions like battery storage and green hydrogen production.

(PRESS RELEASE) BILBAO, 4-Oct-2023 — /EuropaWire/ — Iberdrola, S.A. (BME: IBE), with more than 170 years of history, is a global leader in clean energy, grids and storage, a company that is today more solid, sustainable and diversified than ever, announces that it has entered into a long-term power purchase agreement (PPA) with TMD Friction Services, the world’s largest brake materials manufacturer. Under the 15-year contract, Iberdrola will provide approximately 50 GWh of green electricity annually, covering over 50% of TMD’s energy needs in Germany starting from 2027. The clean electricity will be sourced from the upcoming Windanker offshore wind farm in the Baltic Sea, which is currently in the planning phase.

The Windanker project is set to comprise 21 offshore wind turbines, each with a capacity of 15 MW, and is expected to be grid-connected by 2026, boasting a total capacity of 300 MW. This initiative marks Iberdrola’s third offshore wind farm in the German Baltic Sea, following the successful Wikinger project, which went online in 2017, and the Baltic Eagle project, currently under construction near Rügen island.

Collectively referred to as the Baltic Hub, these three offshore wind farms will have a combined capacity of over 1.1 GW by 2026, with planned investments totaling approximately €3.7 billion. Iberdrola holds the distinction of being the largest operator of offshore wind farms in the German Baltic Sea.

The company, with both onshore and offshore divisions, is actively engaged in the development, construction, and operation of renewable energy projects, encompassing offshore and onshore wind farms and photovoltaic installations. Iberdrola offers customized green energy solutions to its industrial and commercial clients, ranging from traditional electricity supply to portfolio management and long-term PPA agreements linked to the utility’s renewable energy facilities. Additionally, Iberdrola provides comprehensive solutions, including battery storage and green hydrogen production for industrial applications.

Media contacts:

Tel: +34 91 784 32 32
comunicacioncorporativa@iberdrola.es

SOURCE: Iberdrola