Orix to buy Spanish energy firm Elawan thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Japanese financial conglomerate Orix Corporation has recently made a major acquisition of Spain’s Elawan Energy, having purchased an 80% stake in the renewable energy firm from its management and Spanish industrial company Acek.
Hidetake Takahashi, the head of energy and eco-services business headquarters at Orix said, “Elawan is an ideal platform to further support the growth of Orix renewable energy business globally.
Established in 2007, Elawan develops and operates wind and solar power projects in Europe and the United States. It has 714 megawatts of operational projects, more than 460 megawatts under construction, and a development pipeline of over 10 gigawatts.
Headquartered in Tokyo, Orix has an investment portfolio that ranges from leasing to banking and real estate. It has been ramping up investment in renewable energy at home and abroad in the few recent years,
Orix to buy Spanish energy firm Elawan for about S$1 28b businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Monday, 28 December 2020 Japanese company, ORIX Corporation, has entered into an agreement to invest in Elawan Energy S.L., a global renewable energy company headquartered in Madrid, Spain focused on the development and ownership of wind and solar PV power plants. Courtesy of Elawan Energy
Through its wholly owned subsidiary ORIX Corporation Europe N.V., ORIX will acquire an 80% stake in Elawan. The founders of Elawan, Acek Renewables and CEO Dionisio Fernandez will continue to retain a 20% stake in the business. The transaction is expected to close in the second quarter of 2021, subject to receipt of regulatory approvals and satisfaction of customary closing conditions.