Outokumpu announced a 10-year power supply agreement for renewable wind power with Alpiq, a Swiss electricity producer

(PRESS RELEASE) HELSINKI, 14-Feb-2022 — /EuropaWire/ — Outokumpu (HEL: OUT1V), the largest producer of stainless steel in Europe, has announced a new 10-year power supply agreement for renewable wind power with Alpiq, a Swiss electricity producer, with deliveries slated to begin in January 2023. According to the agreement, the amount of contracted wind power energy corresponds to over 60% of Outokumpu’s electricity consumption at its production sites in Germany.

Increasing the share of low-carbon electricity is one of the most important methods for Outokumpu to achieve its ambitious climate targets. In total, the share of low-carbon electricity in Outokumpu’s European operations is already over 80 percent.

“With another new wind power agreement, we can strengthen the role of renewable energy in the sustainable development of our operations even further. With our direction towards low-carbon energy sources, Outokumpu is supporting in the transition to more sustainable energy sources such as wind power,” says Mika Orpana, Head of Energy and Utilities, General Procurement at Outokumpu.

Earlier, Outokumpu has announced two other 10-year wind power agreements. Together these agreements support Outokumpu’s ambitious science-based climate targets which are aligned with keeping global warming below 1.5°C. The updated targets were announced in December 2021 and support Outokumpu’s aim of being the industry leader in sustainability.

Media contact: 

Media: Päivi Allenius, VP – Communications, tel. +358 40 753 7374 or Outokumpu media desk, tel. +358 9 421 3840

SOURCE: Outokumpu Oyj