Utility Iberdrola will provide solar power to the Spanish site of Saudi petrochemical company Sabic, which has signed a 25-year power purchase agreement. The electricity will be generated by a \u20ac70 million, 100 MW solar park.<\/p>\n\n\n\n

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Saudi petrochemical multinational Sabic has signed a 25-year power purchase agreement (PPA) with Spanish utility Iberdrola<\/a> for the supply of solar power to its industrial site in La Aljorra, in Cartagena in the Spanish region of Murcia. The electricity will be provided by a 100 MW solar park which is under development at the site.<\/p>\n\n\n\n

The \u20ac70 million project, which will be owned and operated by Iberdrola, will feature 263,000 solar modules. The companies defined the plant as the world\u2019s largest on-site-consumption solar project but did not provide any further technical or financial details.<\/p>\n\n\n\n

The installation will raise the renewables capacity installed by Iberdrola in Murcia by almost 60%. The power company said it operates 178 MW of clean energy generation capacity, mainly wind power, in the region.<\/p>\n\n\n\n

Iberdrola recently completed Spain\u2019s largest PV plant \u2013 the\u00a0500 MW Nunez de Balboa project<\/a>. In June last year, the company revealed plans to build two solar facilities with a total generation capacity of\u00a0800 MW<\/a>\u00a0near Cuenca, in Spain\u2019s central-southern region of Castilla-La Mancha.<\/p>\n\n\n\n

From: https:\/\/www.pv-magazine.com\/2020\/07\/29\/worlds-largest-solar-project-for-on-site-consumption\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Utility Iberdrola will provide solar power to the Spanish site of Saudi petrochemical company Sabic, which has signed a 25-year power purchase agreement. The electricity will be generated by a \u20ac70 million, 100 MW solar park. Saudi petrochemical multinational Sabic has signed a 25-year power purchase agreement (PPA) with Spanish utility Iberdrola for the supply of solar…
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