Jan 21 (Reuters) – Spanish power company Iberdrola said on Thursday it had signed a long-term agreement to sell electricity generated by a giant new solar plant to French dairy company Danone.
Danone will take all the renewable electricity required for its facilities in Spain from Iberdrola’s new photovoltaic plant, which will be built in the coming months and named Francisco Pizarro, the Spanish company said.
Iberdrola did not disclose financial details of the deal with Danone.
The Francisco Pizarro plant will be the largest photovoltaic plant in Europe when completed with a 590 megawatt (MW) capacity. It will require a 300 million euro investment.
The new power plant will be located near the Nunez de Balboa plant, also named after a Spanish conquistador, in the Southern Spanish region of Extremadura, making the area a key location for solar energy in Europe.
Nunez de Balboa, was the biggest photovoltaic plant in Europe when it was inaugurated in 2019. (Reporting by Aida Pelaez-Fernandez, Editing by Inti Landauro, Kirsten Donovan)