Fidelis Energy has signed a letter of intent to develop approximately 1,500 acres of land for the design, construction and operation of up to a 100MW solar park in Spain.

The company anticipates that the solar project will generate up to $350m in revenue if fully completed.

Fidelis Energy CEO James Poole said that the company continues to search for good opportunities in the solar sector and develop host sites and relationships for its optimal use and value.

The company is focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies.

It is also in the development stage of designing solar photovoltaic cell technology products and plans to manufacture and distribute these products in the future.