Elawan Energy entered the Italian PV market by acquiring two projects in development from a local developer.
These projects will be constructed in southern Italy’s Puglia region.
The two plants, are scheduled to be operational in 2025. They will have respective capacities of 20.4 MW & 51.2 MW.
Pedro Garcia Crespo, Elawan’s chief investment officer, stated that “This acquisition is an important milestone in our global expansion via a strategy for sustained growth and contributes towards our goal of offering integrated solutions to enable the decarbonisation energy systems around the world.”
Elawan is part the Orix Group. It operates throughout the entire value chain for the renewable energy sector from financing to construction and operation.