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Orix

Orix to buy 80% stake in Spain’s Elawan Energy

Japanese financial services giant Orix has agreed to buy an 80% stake in Spain’s Elawan Energy, as part of its plans to develop solar and wind projects.

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Repsol or Iberdrola could be the new owner of Spanish developer X-Elio

U.S. fund KKR and Spanish group Gestamp have reportedly begun X-Elio’s sale process. Oil business Repsol and power company Iberdrola are said to be among the interested buyers circling the PV project developer.

Panda Green Energy finishes 50 MW in China

Panda Green Energy — formerly known as United Photovoltaics — connected a 50 MW solar array to the grid this week in northwestern China.

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Orix, Kyudenko, Kyushu Electric switch on 52.5 MW in Fukushima

Fukuoka-based engineering firm Kyudenko, Japanese financial services giant Orix and Kyuden Mirai Energy — a wholly owned subsidiary of regional utility Kyushu Electric Power — completed the project in Soma, Fukushima prefecture, in early June.

United PV to raise $85.4 million with share issuance

The Chinese solar investor and developer has revealed plans to issue 700,000,000 shares to Driven Innovation at HK$0.95 per share, representing about 9.39% of its existing issued share capital. It expects net proceeds to reach HK$664.5 million ($85.4 million).

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