ReneSola to Co-Develop 500 MW of Solar Projects in North America with X-Elio

ReneSola has announced that it entered into a development service agreement with X-Elio North America for the development and construction of solar plants.

ReneSola X-Elio

ReneSola, a leading solar project developer, has announced that it entered into a development service agreement with X-Elio North America, a subsidiary of X-Elio, a Spain-based company specialising in the development, construction, operation and maintenance of solar plants. 

Under the agreement, the Company’s North American development team will originate and develop large utility-scale solar projects for X-Elio.  The parties are conducting joint diligence on an initial portfolio of projects in California, Oregon and Utah with a total installed capacity of over 500 MW, many of which will include a battery storage system.

Doran Hole, ReneSola’s CEO, North America and Group Vice President of Strategy, said, “We are excited to deliver the capabilities of ReneSola’s North American development platform to a strong partner like X-Elio, as the U.S. continues to be an important market for both companies.  With our talented team and solid track record of developing solar projects globally, we believe we are in a prime position to help X-Elio further expand its presence and support its solar deployment in North America.”

Under the terms of the agreement,  ReneSola will assist X-Elio with obtaining site control, permitting, interconnection and off-take agreements.  Additionally, ReneSola expects to provide further support, as X-Elio carries the projects through the financing and construction phases.

Javier Adiego, North America Country Manager for X-Elio, said: “We are very pleased to work with ReneSola on this project. The U.S. is a market with a lot of potential for our business, and we are fully convinced that the collaboration between X-Elio and ReneSola will enhance our position in North America.”

In May, the Shanghai-headquartered global manufacturer inked a pact to supply 5.4 MW of 310W mono PERC modules to Helexia in Belgium. These modules will be deployed by the French company on rooftop solar projects in Belgium.

Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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