Spanish utility Iberdrola and Saudi petrochemical multinational Sabic has signed a 25-year power purchase agreement (PPA) with each other. This agreement is for Iberdrola to supply solar power for its industrial site in La Aljorra, in Cartagena in the Spanish region of Murcia.
According to both companies, this plant is going to be the world’s largest on-site-consumption solar project. The electricity of this project will be provided by a 100 MW solar park that is under construction at the site.
This project costs around €70 million and will feature 263,000 solar modules and will be owned and operated by Iberdrola. They didn’t provide more information about the technical or financial details of the project
Iberdrola has completed the largest PV plant with a capacity of 500 MW (Nunez de Balboa project) recently. This company also wants two other projects with a combined capacity of 800 MW near Cuenca, in Spain’s central-southern region of Castilla-La Mancha.
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