Orix to buy 80% stake in Spain’s Elawan Energy

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Orix has announced plans to acquire an 80% stake in renewables developer Elawan Energy, via its Orix Corporation Europe subsidiary.

Elawan Energy’s founders, as well as CEO Dionisio Fernandez and Acek Renewables, will hold the remaining shares in the Spanish company.

Madrid-based Elawan Energy has developed 2.9 GW of solar and wind capacity since it was established in 2007.

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