Orix invests 80% stake in Elawan Energy

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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.

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.

Elawan has delivered wind and solar PV projects with over 2,900 megawatts of projects developed globally since its incorporation in 2007. Elawan is active in 14 countries globally, with its core activities in Europe together with North and South America and has 714 megawatts of operational projects, 461 megawatts under construction and a development pipeline of over 10 gigawatts.

List of the country updates

Country updates

  • January 04, 2021

    Ellomay commissions 300 MW Talasol solar project in Talavan

    Ellomay Capital Ltd. has commenced the electricity production of its 300 MWp photovoltaic plant in Spain. Talasol Solar SL, the engineering, procurement, and construction contractor, has also initiat...

    Read more
  • December 30, 2020

    Enel Green Power connects to the grid its first two solar plants in Seville

    Enel Green Power España (EGPE) has completed the construction of the Las Corchas and Los Naranjos photovoltaic plants, located between the towns of Carmona and La Rinconada. With an investment...

    Read more
  • December 29, 2020

    Endesa commissions 49.9 MW Augusto solar project in Badajoz

    Endesa, through its renewable energy company Enel Green Power España (EGPE), has completed the construction of the Augusto photovoltaic plant located in the municipality of Badajoz, Extremadura...

    Read more
  • December 29, 2020

    Iberdrola receives favorable EIS for 100 MW solar PV park in Puertollano

    Iberdrola has obtained a positive Environmental Impact Statement (EIS) for the photovoltaic plant in Puertollano, Spain which will supply energy to the first and also the largest green hydrogen produc...

    Read more
  • December 23, 2020

    Solarcentury secures permit to connect 175 MWp of solar projects in Valencia

    The projects, named Los Predios and Los Hierros, with 87.5 MW capacity each, have secured grid access rights in Valencia, Spain. The solar farms represent investment of over EUR125 million (US$151.8 m...

    Read more

Share this update