O2 Telefónica signs 15-year Baltic Eagle PPA


February 26, 2024

Telecoms group O2 Telefónica has signed a 15-year deal to buy electricity from Iberdrola’s 476MW Baltic Eagle offshore wind farm in German waters.

The power purchase agreement is for 3,000GWh of power a year and is due to take effect in 2025 after Baltic Eagle is commissioned, which is due in late 2024. The PPA is with the Spanish utility’s German subsidiary Iberdrola Deutschland.

This is Iberdrola’s latest PPA at Baltic Eagle following deals with Amazon, Holcim, Salzgitter and Stahl Holding in 2023.