Jolyon Palmer says he expects 2016 to be a 'transitional' year for Renault but believes the potential at the outfit is 'immense.'
Palmer spent 2015 as Lotus' test and reserve driver and was promoted to a race seat in the wake of Romain Grosjean's departure to Haas, with Renault retaining the Briton when it acquired the Lotus operation.
Palmer says that Renault's involvement changed the attitude at its Enstone factory and he is thrilled to be a part of the programme.
"It’s a massively exciting project and it’s superb to be involved from the very start," Palmer said.
"It was fantastic to be announced as a race driver for 2016, then the magnitude increased once it was confirmed that Renault had bought the team and is making a massive commitment for the future.
"Last year provided a really good grounding for me and we’re now all at the start of a tremendous opportunity. To be a works driver for a fully-fledged manufacturer F1 team is everything I could dream of."
Following a tough end to 2015 as Lotus, during which period resources were limited, Palmer says that the outfit has now been revitalised.
"There was an immediate change in vibe around the factory and very rapidly all the machines were fired into action and materials started arriving," he explained.
"The mood in the factory is so positive and forward-looking; this is a team that’s revitalised and going places again.
"It’s going to be a transitional year, coming from a difficult end to 2015, so it’s my task to do the best job possible as the team grows and develops through this season. The potential is immense."