German steel producer Feralpi Stahl has announced that it is accelerating the transition to low-carbon steel production through a new collaboration with German renewable energy developer Juwi.
The two companies signed a memorandum of understanding to jointly explore the development of regional wind farms capable of supplying renewable electricity to Feralpi Stahl's rebar manufacturing facilities in Riza. If implemented, the initiative will strengthen regional energy sustainability, reduce emissions, and increase local participation in Germany's transition to clean energy.
The planned cooperation is focused on two upcoming wind energy projects in the Mittelsachsen area. These projects, one with five turbines and the other with six, are expected to be operational by 2029. Each turbine is designed to generate approximately 20 million kWh per year.
In addition, Feralpi Stahl has the opportunity to participate in the project through direct investment, provided that the economic base is viable.
Uwe Reinecke, CEO of Feralpi Stahl, stressed that the company consistently reduces carbon dioxide emissions in its production processes and considers cooperation with Juwi as a potential step towards the production of completely environmentally friendly steel in Riesa. The company has already invested more than 220 million euros in its operations in Germany.
The Feralpi Group's global climate strategy aims to achieve zero emissions by 2050.
Steelorbis.com
