- X-ELIO and Tion Renewables have reached an agreement for the sale of a 50 MW solar plant located in Almería, Spain
- Tion Renewables continues to strengthen its position in Spain, a key market for its ambitious expansion strategy
07 January 2025. X-ELIO, a global leader in renewable energy, has reached an agreement with renewable energy producer Tion Renewables for the sale of a 50 MW solar plant in Almeria, in the south of Spain. The signed agreement reinforces both companies’ strategies in the renewable energy sector, underlining their commitment to the energy transition.
The project, located in the province of Almeria, has an installed capacity of 50 MW and benefits from a secured offtake based on a PPA. It is generating the equivalent of the annual electricity consumption of 25,000 households. Since it began operations in 2023, it has become a benchmark for clean and sustainable energy production in the region.
With this acquisition, Tion Renewables further strengthens its presence in Spain, a key market within its ambition to become a leading European renewable energy producer. Meanwhile, the transaction reinforces X-ELIO’s position as a global leader in renewable energy, showcasing its ability to develop high-quality projects that drive the energy transition and attract international investors. The transaction is subject to customary closing conditions and is expected to close by the beginning of February.
Gonzalo Gutiérrez-Alviz Velasco, Investment Director for Spain and Italy at Tion Renewables, stated: “We have set ourselves ambitious targets in general but in particular in Spain and it is a pleasure realizing them with a distinguished partner like X-ELIO. Our business model builds on partnerships, which makes this transaction even more valuable since we truly believe this was just beginning of a mutually beneficial partnership.”
Nicholas Pentreath, CFO at X-ELIO, highlighted: “We are delighted to have reached this agreement with Tion Renewables. This sale once more demonstrates our ability to develop, deliver and rotate high-quality projects to leading companies in the sector, such as Tion. We are confident that this collaboration marks the beginning of a fruitful relationship between our companies.”
About Tion Renewables:
Tion Renewables empowers the energy transition.
Headquartered in Munich, Germany, the renewable energy power producer focuses on building and operating on-shore wind and on-shore solar farms as well as battery energy storage systems across Europe, generating clean energy every day.
The Group’s force emanates from a unique nexus of talent, dedication and long-term capital, coupled with long-term partnerships built on agility and trust.
Tion Renewables (“Tion”) had been listed in 2019, was delisted by the investment organization EQT Group (“EQT”) in 2024 again, and holds a major share in the independent power producer clearvise AG. Tion benefits from EQT’s deep experience in the renewable energy space, access to its network of over 600 industrial advisors, as well as its in-house expertise in commercial, sustainability and digitalization.
More information at www.tion-renewables.com
About X-ELIO:
X-ELIO, a Brookfield-owned company, specializes in the development of renewable energy projects with a global presence in Spain, Italy, the United States, Japan, Australia, Latin America and the Middle East. With 20 years of experience and more than 3 GW built, this world-leading company is strongly committed to sustainability, the reduction of greenhouse gasses, and the fight against climate change.
For more information, please visit our website at www.X-ELIO.com, our LinkedIn profile at https://www.linkedin.com/company/x-elio, or our Twitter profile at https://twitter.com/X_Elio.
Press Contact:
Isabel Ruiz
T: +34 696 37 32 29
