By David Sachs

Alstom said Monday that 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.

Operations will start in 2025 and the contract lasts 10 years, Alstom said.

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

July 10, 2023 12:24 ET (16:24 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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