Tata Steel Nederland will acquire three Vattenfall power plants linked to its IJmuiden steelworks as the steelmaker seeks greater control over its power supply during its transition to low-carbon steel production, it said Nov. 14.

 The deal for an undisclosed sum for units 24 and 25 in Velsen-Noord (725-MW capacity), which generate electricity predominantly from blast furnace gases and IJmond 01 (144 MW), a combined heat and power plant on Tata Steel’s IJmuiden site that produces electricity and steam from the same residual gas, will see ownership transfer on Jan. 1, 2026.

 “The plants are unique because, unlike any other power plant in the Netherlands, they are fueled by our residual gases, in this case from our steel production process,” said Tata Steel Nederland CEO Hans van den Berg.

 “With the current contract expiring at the end of 2025, this is the moment to change ownership: By owning the power plants, Tata Steel Nederland will be able to manage the complex, stepwise transition from its existing steelmaking process to a lowcarbon, green-steel operation,” the head of the largest Dutch steelworks added.

 The acquisition gives Tata Steel direct control over power generation facilities that have been integrated with its steel production for nearly a century.

          The transaction has received approval from regulatory authorities, while works councils from both companies have provided their advice on the deal, both companies said in their respective announcements.

 Alexander van Ofwegen, Vattenfall’s head of business solutions and heat, described the final agreement as “a win-win situation.”