{"id":78065,"date":"2023-06-19T01:04:22","date_gmt":"2023-06-19T01:04:22","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/spains-iberdrola-will-build-100-mw-captive-solar-plant-for-ksas-sabic-in-spain\/"},"modified":"2023-06-19T01:04:22","modified_gmt":"2023-06-19T01:04:22","slug":"spains-iberdrola-will-build-100-mw-captive-solar-plant-for-ksas-sabic-in-spain","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/spains-iberdrola-will-build-100-mw-captive-solar-plant-for-ksas-sabic-in-spain\/","title":{"rendered":"Spain\u2019s Iberdrola will build 100 MW captive solar plant for KSA\u2019s SABIC in Spain"},"content":{"rendered":"

<\/a> Spain is getting a Saudi solar PV<\/strong> plant:<\/strong> Spain\u2019s Iberdrola has secured the planning permissions to kickstart the construction of a 100 MW captive solar photovoltaic plant in the Spanish port city of Cartagena on behalf of Saudi chemicals giant SABIC, a statement<\/a> by the utility provider read on Thursday.<\/p>\n

The details:<\/strong> Under a power purchase agreement (PPA), Iberdrola will commit to supplying electricity from the solar farm to SABIC\u2019s industrial facility La Aljorra for 25 years, the statement says. The solar plant \u2014 which would require c.EUR 70 mn in investment \u2014 would see Iberdrola install 263k solar panels and is expected to come online in 2024.<\/p>\n

We\u2019d already known about this: <\/strong>SABIC and Iberdrola signed in 2020<\/a> an agreement on the 100 MW solar PV facility as part of a plan to make the Saudi company\u2019s polycarbonate facility in Spain the world\u2019s first large-scale chemical production site to fully operate on renewables. The solar farm will allow SABIC\u2019s customers \u2014 including those in the automotive and construction sectors \u2014 to access polycarbonate solutions manufactured entirely through renewable energy.<\/p>\n

All part of SABIC\u2019s ambitious targets:<\/strong> The solar facility should help the Saudi chemical producer meet its target<\/a> of having 4 GW of wind or solar energy installed for its sites globally by 2025 and 12 GW by 2030.<\/p>\n

More to come? <\/strong>Iberdrola and SABIC plan to fully decarbonize their Cartagena plants by 2028, the statement noted. \u201cWe continue to work closely with SABIC to implement additional solutions to achieve full decarbonization at any facility globally,\u201d Iberdrola\u2019s Director of Global Customers and PPAs Raquel Blanco at Iberdrola said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spain is getting a Saudi solar PV plant: Spain\u2019s Iberdrola has secured the planning permissions to kickstart the construction of a 100 MW captive solar photovoltaic plant in the Spanish port city of Cartagena on behalf of Saudi chemicals giant SABIC, a statement by the utility provider read on Thursday. The details: Under a power […]<\/p>\n","protected":false},"author":1,"featured_media":78066,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[11,88,339,94],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-enterpriseclimate","tag-renewables","tag-sabic","tag-solar","wpautop","entry"],"acf":{"mongo_id":"4c6de426-5e47-4c23-b27e-b88f458cafa8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/791.jpg","photo_position":"above","related_issue":[78053],"teaser":"","voice_url":""},"yoast_head":"\nSpain\u2019s Iberdrola will build 100 MW captive solar plant for KSA\u2019s SABIC in Spain - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/spains-iberdrola-will-build-100-mw-captive-solar-plant-for-ksas-sabic-in-spain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spain\u2019s Iberdrola will build 100 MW captive solar plant for KSA\u2019s SABIC in Spain\" \/>\n<meta property=\"og:description\" content=\"Spain is getting a Saudi solar PV plant: Spain\u2019s Iberdrola has secured the planning permissions to kickstart the construction of a 100 MW captive solar photovoltaic plant in the Spanish port city of Cartagena on behalf of Saudi chemicals giant SABIC, a statement by the utility provider read on Thursday. 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