Eni has signed an agreement with X-Elio for the acquisition of three of X-Elio’s solar PV projects. These projects, located in Spain,have a total capacity of 140 MW. The companies are also planning a larger strategic collaboration to develop renewable energy projects in Spain. Eni aims to develop 1 GW of renewable energy projects in the country over the next five years. According to the agreement, the projects will be transferred following customary authorisation. Eni will be responsible for the construction of plants as well as for electricity commercialisation.