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 €70 million, 100 MW solar park.
The German PV equipment manufacturer has signed two letters of intent (LoI) for joint ventures with companies from Saudi Arabia at the Future Investment Initiative (FII) Forum. The company declined to comment on the current political situation.
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