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Iberdola & SABIC to Provide Green Electricity to Cartagena Industrial Facility

Power News - Published on Mon, 03 Aug 2020

Image Source: Iberdola SABIC Cartagena Industrial Facility
Iberdrola and SABIC are making progress in their respective business and sustainability strategies with the signing of a pioneering long-term power purchase agreement whereby the energy company will provide green electricity to the industrial plant of the petrochemical multinational in La Aljorra Cartagena in Murcia for the next 25 years. Based on this agreement, Iberdrola will promote, construct and operate the world's largest on site photovoltaic self-consumption system. With an investment of nearly 70 million euros, the new renewable facility, which will be developed on the site of SABIC's industrial plant, will have an installed capacity of 100 megawatts and will consist of 263,000 solar modules. The facility will increase the renewable capacity installed by Iberdrola in the Region of Murcia by almost 60% and up to 500 jobs will be generated during its construction, many of them local.

The alliance reinforces the innovative approach of Iberdrola's strategy to undertake renewables projects in Spain through bilateral agreements that promote the supply of power at competitive and stable prices to large customers who are committed to sustainable consumption.

The commissioning of the solar plant will provide SABIC customers in markets including the automotive and construction sectors access to 100% renewable electricity produced polycarbonate solutions, in response to their demand for more sustainable products for a carbon-neutral world.

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Posted By : Yogender Pancholi on Mon, 03 Aug 2020
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