Two global solar PV players announced last week that they are forming a joint venture that will be focused on the development and construction of solar energy projects in the southeastern market of the United States.
Spain-based X-ELIO, a global solar developer with presence in five continents, and Sofos Harbert Renewable Energy, also based in Spain but with an office in Alabama said they will initiatlly focus on the southeast but intend to expanding into other market regions in the upcoming years.
This agreement follows several moves of X-ELIO to expand its presence in the U.S., where the company expects to have 170 MW under operation by the end of 2019, according to a release.
Juan Mayoral, CEO of Sofos Harbert, said: “We have the certainty that the Southeastern region of the US is going to be one of the most important solar energy markets in the upcoming years, and we as an, Alabama-based company, are in the best position to help our communities in the transition to a new energy producing scheme. We are convinced that more than a business, we are part of a brighter future and we are leaving a better world for the generations to come.”