Fidelis Energy to Develop 100 MW Solar Park in Spain

Fidelis Energy, an alternative energy company declared that it has contracted a Letter of Intent (LOI) to develop the land required for installing a 100 MW solar park in Spain.

The LOI requires the company to develop around 1,500 acres of land in Spain for the purpose of planning, building and operating  a solar park capable of generating up to 100 MW of electricity. On receiving the required permissions and capital approvals, Solar Park Initiatives, a Florida-based solar energy company will complete the installation of the project along with a Spanish developing company. On completion the project is expected to yield over $350 Million as income.

James Poole, Fidelis Energy’s CEO, said that his company is always on the lookout for good openings in the solar segment for developing the sites required for solar installation to offer utmost value and maximum use to the clients. He added that his company will keep its investors posted about the developments made in the large sized project.