- The company is developing more than 330 MW of photovoltaic and energy storage projects in the region and already has a branch office in Valencia
- This investment is accompanied by projects to support the municipalities in which it works through its Community Plan
Valencia, 3 July 2024 – X-ELIO, a leading global company specializing in the development of renewable energy projects, today announced a major planned investment of 250 million euros for the development of new photovoltaic projects in the Valencian Community. The announcement was made during a media luncheon in Valencia, where Lluís Noguera, CEO of X-ELIO and Managing Partner of Brookfield, together with other company executives, presented the details of this ambitious initiative.
“We are committed to the growth and sustainable development of the Valencian Community. With more than 330 MW of renewable energy projects in the pipeline, this investment reflects our dedication to boosting the local economy and promoting an energy transition to cleaner and more sustainable sources,” said Noguera during his speech. He also stressed the importance for the company of the recently opened branch office in the city of Valencia.
New projects in the Valencian Community
Among the most important projects are Turroneros I, which currently has an installed capacity of 35 MW and will be expanded with Turroneros II, adding 15 MW more. Furthermore, X-ELIO has 210 MW under development that already have a favorable Environmental Impact Statement (DIA) and another 73 MW with a granted connection. The company is also working to implement innovative storage systems in its projects.
The company has a total of 50 MW built and 283 MW in different stages of development throughout the Valencian Community.
Commitment to the community and the environment
X-ELIO has reiterated its commitment to the Valencian Community through various initiatives that seek to improve the quality of life and promote sustainability. In Xixona, for example, the company has organized guided tours of its plants for schools, and has financed the installation of solar streetlights on the road to the Castle. In Villena, X-ELIO has sponsored local teams such as Villena C.F. and the Villena Volleyball Club, as well as supporting research projects such as the ‘Smart Hives’ of bees, in collaboration with IES Navarro Santafé.
These actions are part of X-ELIO’s Sustainable Communities Plan, which is based on four fundamental pillars: Environment, Education, Health and Communities. “Our goal is to generate a positive and lasting impact on the lives of the people who live near our projects“, Noguera emphasized.
Photovoltaic solar energy as a growth driver
X-ELIO underlined the importance of solar photovoltaic energy in generating electricity in a sustainable and competitive manner. According to the company, solar PV is expected to account for 22% of global electricity generation by 2050, positioning Spain as a leader in this sector thanks to its favorable climatic conditions and high number of hours of sunshine.
About X-ELIO
X-ELIO, a Brookfield-owned company, specializes in the development, construction, financing, and operation of renewable energy projects with a global presence in Spain, Italy, the United States, Latin America, the Middle East, Japan, and Australia. With more than 19 years of experience and 2.8 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 X profile at https://twitter.com/X_Elio.
Press Contacts:
Isabel Ruiz
T: +34 696 37 32 29
Sonsoles García
E: sgarcia@cambacomunicacion.com
T: +34 620 666 224
