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Shanghai Electric, Eland JV buys 55 MW of PV parks in Italy

Solar system in southern Italy. Author: Richard Allaway. License: Creative Commons, Attribution 2.0 Generic.

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.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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