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Oil major Eni to acquire 140MW of Spanish solar from X-Elio
X-Eio’s 57MW Uribe solar project in Chile. Image: X-Elio.
Italian oil major Eni has made its first renewables investment in Spain, securing a deal to acquire three PV projects from local developer X-Elio.
Eni will be responsible for both construction and commercialisation of the plants, which will be located in the south of Spain and have a combined capacity of 140MW.
The two companies have also entered into discussions for a larger collaboration for the development of clean energy projects in Spain, where Eni is aiming to reach up to 1GW in the next five years, contributing to its target of 5GW of installed renewables globally by 2025.