Network Steel Group (NSR) has entered into a five-year power purchase agreement (PPA) with Statkraft and Fortia Energia to secure a stable electricity supply and support sustainable growth. The deal will help the group reduce exposure to energy price fluctuations, enhance competitiveness, and advance its industrial activities.
Under the agreement, about half of NSR’s annual electricity needs will be met through Statkraft’s wind and solar generation in Spain. Statkraft is one of Europe’s largest renewable energy producers, while Fortia is the leading independent supplier in the Iberian electricity market.
NSR, a leading independent flat steel producer in the Iberian Peninsula, operates seven modern plants with annual sales exceeding 1 mln tons.
