X-ELIO has completed the construction of the PV plant La Cruz PV, located in the commune of María Elena, Chile.
This facility has a capacity of 58 MW and its commissioning will supply 20,000 homes with renewable and sustainable energy and will prevent the emission of 70,000 tonnes of CO2 into the atmosphere.
Santiago de Chile, 21 December 2021. X-ELIO, a leading global company specialized in the development, operation and maintenance of sustainable energy projects, has connected to the grid the solar PV plant La Cruz in the commune of María Elena, in northern Chile.
This facility has a capacity of 58 MW of power and its energization will enable it to supply 20,000 homes in this Chilean region. This project will also allow savings of 70,000 tonnes of CO2 emissions into the atmosphere.
For the commissioning of this project, the company has made an investment of $40 million. In order to finance this project, X-ELIO has had the support of leading financial institutions, such as DNB.
With this plant, X-ELIO doubles the installed capacity in Chile, where it has counts with a portfolio of 120 MW of projects built since 2016.
In addition, the company maintains a strong responsibility towards the regions in which it operates, under X-ELIO’s “Community Plan” program. This initiative is based on local and regional actions to promote the socio-economic development of the communities under the pillars of environment, education, health, and community. Specifically, X-ELIO reached a collaboration agreement with ACERA and REDEG, last October, to promote the training of women in the energy sector in Chile.
“In a very complex context due to the impacts of COVID-19, X-ELIO has managed to continue to grow and develop projects in several markets. La Cruz project in Chile is a great example of the strong commitment of X-ELIO, and all its employees, to continue to move forward in the development of projects that help reduce the impact of climate change and provide a price competitive energy to its customers.”Fernando Lacaci, COO of X-ELIO
“With the deployment and commissioning of this solar PV plant in northern Chile, we continue to advance with the company’s Strategic Growth Plan in the country and the region, with innovative, sustainable and safe solutions that support the achievement of its climate objectives.”Armando Gómez, LATAM Country Manager
X-ELIO is a company specialized in the development, construction, financing and operation of solar PV plants and sustainable energy development with a global presence in Europe, the United States, Latin America, Japan and Australia. The firm has 16 years of experience and more than 2.6 GW built. In 2020, the firm achieved more than 300 million euros in revenues. The group is a world leader in the development of renewable and sustainable solutions, with a strong commitment to the reduction of greenhouse gases and the fight against climate change.
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