trending Market Intelligence /marketintelligence/en/news-insights/trending/o0e0GvS_4faAerXTkDIwow2 content esgSubNav
In This List

Report: Shanghai Electric, Eland form £420M solar JV

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Report: Shanghai Electric, Eland form £420M solar JV

China-based Shanghai Electric Power Co. Ltd. is forming a £420 million joint venture with Spain's Eland Private Equity to invest in solar projects in Europe, Energy Voice reported Dec. 18.

Tayan Energy, the joint venture, currently owns 2 GW of projects in Spain and will be based in Madrid. Over the next three years, the joint venture plans to pursue solar opportunities across Europe including the U.K., according to the report.

The deal marks Shanghai Electric's entry as a solar investor and operator into the European and U.K. markets. Eland currently owns 40 solar projects in Spain, Italy and Latin America.