X-Elio Reaches a New Agreement with a Leading Energy Player, Covering Renewable Energy Projects for a Total Capacity of 140 MW in Spain

Source Press Release
Company X-ElioENI 
Tags Asset Deals, Deals, Renewable Energy, Power
Date February 18, 2021
  • The agreement consolidates X-ELIO’s leadership in Spanish PV Market where it has already built more than 1.000 MW
  •  X-ELIO is currently building more than 250 MW in Spain. The Company has secured 650 MW Power Purchase Agreements (PPAs) and has a pipeline of advanced development projects of more than 1.500 MW

X-ELIO, one of the world’s leading renewable energy developers, has reached a partnership agreement with ENI in Spain to jointly develop a total capacity of 140 MW.

The agreement will be the first renewable investment in Spain by ENI.

X-ELIO will continue working to achieve its objectives in Spain, where it has developed and built more than 1 GW. The firm currently has more than 250 MW under construction in the country, 650 MW through PPAs and more than 1.5 GW of pipeline of advanced development.

According to the agreement, the transfer of the projects will be subject to customary authorization starting from the second semester of 2021.

Lluís Noguera, X-ELIO’s CEO, stated: “X-ELIO continues to make progress through its strong commitment to Spain, where we expect to build more than 1 GW in the next 4 years. The company is currently building projects across 4 continents: Europe, America, Asia and Oceania, consolidating its global growth strategy.”

Arancha Martínez, X-ELIO’s Country Manager in Spain, said: “We are very proud to work with ENI in these projects. This collaboration reflects  X-ELIO’s quality and know-how in our home market. We are clearly committed to the development of new projects in the country. We will continue to work to promote the energy transition in Spain through PV solar energy.”

Source: EvaluateEnergy® ©2021 EvaluateEnergy Ltd