Irish renewable energy company Solar Capital, owned by former beef baron Paschal Phelan, is to bid for a massive solar power contract in Saudi Arabia.
If successful, the initial investment by the company would be $900 million in return for a 20-year government contract to supply 300MW of power. It would result in a return on investment of 20 per cent, Phelan told *The Sunday Business Post*.
That is similar to a €1.2 billion contract that Phelan's...
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