SPAIN - Eland to raise third fund

Including leverage, the fund expects to deploy between EUR 120-150m with a particular emphasis on solar energy projects.

Through its previous two funds, the firm has invested EUR 152m in photovoltaic projects and operates seven facilities located in Castilla La Mancha and Levante with an aggregate capacity of 20MW.

The fund is lead by former director of Explosivos Río Tinto, Miguel Domenech and Adolfo Carvajal, formerly of Citigroup.

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