Orix to buy majority stake in Spanish renewables company

28 December 2020 - 12:00 am UTC

Japanese financial services company Orix Corporation today said it will acquire an 80% stake in Spanish solar and wind power developer Elawan Energy.

Orix will acquire the stake from Spain’s Riberas family, while the founders of Elawan – Acek Renewables and CEO Dionisio Fernandez – will continue to hold a 14% and a 6% stake, respectively, according to an announcement

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