Alstom Enters Spanish Solar-Farm Deal With Schneider Electric

By David Sachs

Alstom said Monday that it has entered into a power-purchase agreement with Schneider Electric focused on solar-energy development in Spain.

The French mobility company said the agreement with the French energy company covers a 160 GWh/year solar-farm project that will comprise around 80% of Alstom’s electricity consumption in Europe. The contract’s value wasn’t disclosed.