Eco-Solution icon Eco-Solution: X-ELIO

Building Cleaner Energy Globally

Key Environmental Performance Area:

  • Greenhouse Gas Emissions (Facilities)

Participated in the development of almost 700 MW of solar photovoltaic projects.

100 MW of solar photovoltaic projects under construction.


Global energy consumption is predicted to increase by 48 percent between 2012 and 2040, according to the U.S. Energy Information Administration, with a significant portion generated by fossil fuels. Importantly, approximately 65 percent of this demand growth is expected to come from developing economies in Asia, Africa, and South America.i There is an opportunity for societies to increasingly harness alternative energy sources around the world.

KKR infrastructure portfolio company X-ELIO, formerly known as Gestamp Solar, specializes in the development, construction, operation, and maintenance of solar photovoltaic plants globally. The company currently owns operating assets in Spain, Italy, South Africa, Japan, the United States, and various other countries around the world. As of 2016, the company has participated in the development of almost 700 MW of photovoltaic projects and currently has 100 MW of photovoltaic projects under construction.


With a global platform, X-ELIO is a market leader with the ability to achieve scale and capital to invest, and with the technological focus and extensive capabilities to drive innovation in the solar photovoltaic sector. As a provider of sustainable, renewable energy, X-ELIO has a mission and a mandate which are aligned with reducing greenhouse gases and increasing access to clean energy in developed and emerging markets.


In 2015, X-ELIO’s portfolio of international solar photovoltaic assets generated approximately 400 GWh of clean energy, an amount sufficient to provide electricity for one year to more than 100,000 homes and to avoid almost 160,000 metric tons of greenhouse gas emissions. During the year, the company inaugurated two new power plants in Honduras and Japan, totaling 74 MW of capacity, and commenced construction of plants with 82 MW of capacity in Japan and Chile.

X-ELIO began participating in KKR's green program in 2016. More information about X-ELIO’s approach to sustainable solutions can be found on the company’s website.

i U.S. Energy Information Administration. "EIA projects 48% increase in world energy consumption by 2040." 12 May 2016. Web. 26 May 2016.

ii Self-reported portfolio company data is not calculated, reviewed or independently verified by KKR or KKR Capstone. For more information regarding the results methodology for companies evaluating their own data, please see the methodology section. There is no guarantee that any GSP-related avoided costs or added efficiencies will positively impact the portfolio company’s valuation or performance.

Unless otherwise noted, portfolio company data represents 2015 results, published in August 2016. These case studies may contain forward looking statements including descriptions of planned projects and projected results and savings. These statements are subject to the risk that the projects will not develop as planned or at all or that projected results and savings are not realized.