Zara founder Ortega enters renewable energy sector – EQ Mag Pro
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Spanish billionaire Amancio Ortega, the founder of the Zara clothing brand, has entered the renewable energy sector with the purchase of a stake in a wind farm run by energy giant Repsol.
Ortega’s investment holding Pontegadea will pay 245 million euros ($281 million) for a 49 percent stake in the Delta wind farm in the northern province of Zaragoza, Repsol said in a statement Thursday.
Opened in March, the wind farm will produce 992 gigawatt hours (GWh) of 100 percent renewable energy a year, the equivalent to the average annual consumption of 300,000 households, the Spanish firm added…Read More…
Source : afp
