Orix Corporation (Orix) has completed its acquisition of Elawan Energy (Elawan). European subsidiary Orix Corporation Europe N.V. successfully gained regulatory approvals to acquire 80% of Elawan's issued shares, and becomes the majority shareholder in the business.
Elawan develops and operates wind and solar power plants in 14 countries around the world, with a focus on Europe and North and South America. To date, the company has commercialised approximately 2.9GW of projects and has secured more than 10GW of development pipeline in addition to approx. 726MW of projects currently in operation and 598MW under construction.
