Iberdrola has obtained planning consent to begin construction of a 100MW solar plant for on-site self-consumption for chemicals producer SABIC, in Cartagena, Spain.
Iberdrola and SABIC have also signed a 25-year renewable energy purchase agreement power purchase agreement (PPA) with SABIC for the solar farm’s output to supply SABIC’s industrial complex in La Aljorra.
The PV plant will be located on land owned by SABIC and will require an investment of more than €60m.
Commissioning is expected in 2024.
The facility will include more than 260,000 solar modules.
Raquel Blanco, Iberdrola’s Director of Global Customers and PPAs, said: “This is a very important milestone for the development of a unique self-consumption facility from which to supply renewable energy in the long term.
“Thanks to this agreement, Iberdrola supports SABIC’s commitment to sustainability and contributes to transforming the industry towards a cleaner and more sustainable energy model.”
Bob Maughon, EVP Sustainability, Technology & Innovation, CTO & CSO of SABIC, added that SABIC “is delighted to see the final permits granted to build the Cartagena solar plant, which will bring SABIC one step closer to having the world’s first plant of this size operating 100% on renewable energy”.
The construction of this PV plant will require 450 people.
Iberdrola and SABIC are also working together to define the best strategy to fully decarbonise SABIC’s Cartagena plants from 2028 and are analysing possible collaborations in other regions.