Solar Frontier Americas Development announced it completed the sale of its solar power project, Midway I to X-ELIO. The 66MWdc solar power plant is located in Imperial County, a few miles northwest of Calipatria, California.
Charles Pimentel, CEO of Solar Frontier Americas Development said, "Solar Frontier Americas has developed and sold six utility-scale projects totaling 173MWdc and are continuing to grow our pipeline which currently exceeds 550MW of solar projects. The addition of such a highly-esteemed, international investor to our customer base is proof that our development capabilities continue to expand and gain recognition. X-ELIO's world-class team worked collaboratively with us to complete this transaction."
Jorge Barredo, X-ELIO's CEO, said, "I am proud of the successful outcome of months of work on this project. We have partnered with Solar Frontier's expert team since May, and worked hard in creating an extremely competitive capital structure. We are now ready to deploy capital at any stage of the project lifecycle, from development to operation and we rely on a growing team of highly experienced people to develop our pipeline, forge partnerships with other development companies, and become a major player also in the United States."