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Orix to buy Spanish energy firm Elawan

Orix to buy Spanish energy firm Elawan
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Yuka Kanaoka , Hidetake Takahashi , Orix Corp , Spain Elawan Energy , Elawan Energy , Gestamp Automocion ,

Japan's Orix to acquire Spanish renewable energy firm Elawan Energy – NextUnicorn

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, ....

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Orix to buy Spanish energy firm Elawan for about S$1.28b

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.

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PV - Japan?s ORIX to Acquire Spain?s Elawan Energy  - Renewable Energy Magazine, at the heart of clean energy journalism

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. ....

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Orix to Buy Spanish Energy Firm Elawan for About $965 Million

Orix to Buy Spanish Energy Firm Elawan for About $965 Million
Bloomberg
12/28/2020
Taiga Uranaka and Takako Taniguchi
© Bloomberg
Power transmission lines are suspended from electricity pylons in Galapagar, Spain, on Monday, Sept. 20, 2010.
(Bloomberg) Orix Corp. agreed to buy Spain’s Elawan Energy, the Japanese financial conglomerate’s first deal to acquire a majority stake in an overseas renewable power company.
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Tokyo-based Orix is purchasing an 80% stake from Elawan’s management and Spanish industrial company Acek, company spokeswoman Yuka Kanaoka said Monday. With an additional capital injection later, the deal is worth about 100 billion yen ($965 million), she said.
The transaction is expected to close in the second quarter of 2021, subject to receipt of regulatory approvals and satisfaction of customary closing conditions, Orix said in a statement. ....

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