Elecnor to acquire a 30% stake in Wayra Energy, the Ecuadorian subsidiary of Vinccler for €276M.

Elecnor has acquired a 30% stake in Wayra Energy, the Ecuadorian subsidiary of Vinccler for €276M. Financial terms were not disclosed. The objective of the operation is to jointly carry out projects awarded to Wayra Energy by the Ecuadorian government by means of contracts entered into with the Ecuadorian state-owned company Petroamazonas. This agreement marks Elecnor's first foray, either domestically or internationally, into the upstream sector.