The American Xcel Energy Energy Concern and the EVRAZ North America Metallurgical Company, which is a North American subsidiary of the Russian EvrAzEs Holding, signed an agreement for the purchase of electricity for a period of 22 years. Such a contract is aimed at reducing the price of electricity due to future changes by ensuring the parity of mutually acceptable prices up to 2041.

The deal involves the construction of a solar power plant with a capacity of 240 MW (EVRAZ). In this case, it refers to the direct supply of solar energy in enterprise, bypassing the public electrical grids, which in the future make solar power stations the largest.

“The EVRAZ team in North America is very encouraging to use renewable energy sources, which is aimed at producing the most modern steel, waterproof pipes and wire for the railroad,” says EVRAZ North America head.

Source: Here.