May 5 (Renewables Now) - Spain-based solar business Tayan Energy Investment SL has acquired two photovoltaic (PV) parks totalling 55 MW in Italy, the legal advisor in the transaction Watson Farley & Williams (WFW) said Tuesday.
The plants were purchased from Italian developer Limes Renewable Energy for an undisclosed sum. Details on the facilities are kept under wraps.
Tayan Energy is a joint venture (JV) between Chinese power company and electrical equipment manufacturer Shanghai Electric (SHA:601727) and Spain’s Eland Private Equity. The company is focused on the development of clean energy projects in Europe.