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Iberdrola has signed a Power Purchase Agreement (PPA) for the sale of renewable energy for 25 years with SABIC, for the 100 MW solar PV plant located in La Aljorra, Murcia, Spain.
Iberdrola will promote, build, and operate the 100 MW solar photovoltaic project, with an investment of around EUR70 million (US$82.42 million). The project will feature up to 263,000 solar modules.
During the construction phase, the project will create up to 500 jobs.
The commissioning of the solar plant will mean access to 100% polycarbonate solutions produced with renewable electricity for SABIC's clients in markets that include the automotive and construction sectors, thus responding to their demand for more sustainable products for a world to achieve carbon neutrality.
