Elawan Energy has entered the Italian PV market with the acquisition of two development stage solar photovoltaic projects from a local developer.
The projects will be built in the Puglia region of southern Italy.
Once operational, scheduled for 2025, the two plants will have a capacity of 20.4MW and 51.2MW, respectively.
Elawan chief investment officer Pedro Garcia Crespo said: “This acquisition is an important step in our global expansion through a strategy of sustained growth and contributes to our purpose of offering integrated solutions that enable the decarbonisation of energy systems worldwide.”
Elawan is part of the Orix Group and operates across the entire value chain of the renewable energy sector, from development to financing, construction and operation.