Ellomay Capital Ltd. Secures €110 Million Project | U.S. Markets

Ellomay Capital’s subsidiary secures up to €110 million financing for photo voltaic initiatives in Italy, enhancing renewable power capability.

Quiver AI Abstract

Ellomay Capital Ltd. introduced that its subsidiary, Ellomay Holdings Luxembourg Sarl, has secured financing agreements with a European institutional investor to fund the construction of its Italian Photo voltaic Portfolio, which consists of 198 MW of photo voltaic amenities in Italy. This portfolio contains three operational photo voltaic plants totaling roughly 38 MW and extra initiatives on the ready-to-build stage with about 160 MW. The financing, up to €110 million, might be offered by senior secured notes due on December 31, 2047, carrying an rate of interest of 4.50% every year. The financial closing for this project is predicted to happen quickly. Ellomay Capital focuses on renewable power investments throughout Europe, Israel, and the USA, holding a numerous portfolio of photo voltaic and power initiatives.

Potential Positives

• Ellomay Capital has secured up to €110 million in Mission Finance to help the construction of its Italian Photo voltaic Portfolio, demonstrating robust backing from a respected European institutional investor.
• The funding will facilitate the development of a vital renewable power project, increasing the company’s photo voltaic capability in Italy and contributing to its growth within the renewable power sector.
• The portfolio contains substantial property with a whole capability of 198 MW, highlighting Ellomay’s ongoing dedication to renewable power development in Europe.
• Monetary closing of the Mission Finance is predicted quickly, setting a optimistic timeline for the project’s development and potential income technology.

Potential Negatives

• The press release highlights substantial financial obligation, because the financing settlement entails the issuance of senior secured notes due by December 31, 2047, which can pose dangers associated to reimbursement and rate of interest fluctuations.
• The company acknowledges vital dangers and uncertainties in its forward-looking statements, together with potential disruptions as a consequence of geopolitical tensions and market situations that might adversely affect its operations and financial efficiency.
• There may be a need for “important factors” to align for the company to attain its project financing objectives, suggesting underlying vulnerabilities within the execution of their plans.

FAQ

What latest financing settlement did Ellomay Capital announce?

Ellomay Capital introduced a financing settlement for its Italian Photo voltaic Portfolio, totaling up to €110 million with a European institutional investor.

What’s the capability of Ellomay’s Italian Photo voltaic Portfolio?

The Italian Photo voltaic Portfolio has an combination capability of 198 MW, which incorporates each operational and ready-to-build initiatives.

What are the phrases of the financing notes issued by Ellomay?

The financing notes will bear an rate of interest of 4.50% every year and are due on December 31, 2047, with semi-annual funds.

The place does Ellomay Capital operate?

Ellomay Capital develops renewable power initiatives in Europe, the USA, and Israel, specializing in photo voltaic and different clean power applied sciences.

How can I be taught more about Ellomay Capital?

For more data, go to Ellomay’s official web site at http://www.ellomay.com.

Disclaimer: That is an AI-generated abstract of a press release distributed by GlobeNewswire. The model used to summarize this release could make errors. See the complete release right here.

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Full Launch

Tel-Aviv, Israel, March 02, 2025 (GLOBE NEWSWIRE) —

Ellomay


Capital Ltd.


(NYSE American; TASE: ELLO) (“


Ellomay


” or the “Company”)

, a renewable power and energy generator and developer of renewable power and energy initiatives in Europe, Israel and the USA, as we speak reported that its wholly-owned subsidiary, Ellomay Holdings Luxembourg Sarl (“

Ellomay


Luxembourg

”), which owns a portfolio of 198 MW photo voltaic amenities in Italy, amongst different property, that features working and “ready to build” initiatives (the “

Italian


Solar


Portfolio

”), entered into a set of agreements governing the procurement of financing (the “

Project Finance

”) with a respected European institutional investor (the “

Lender

”), supposed to finance the construction and associated bills of the Italian Photo voltaic Portfolio. The Italian Photo voltaic Portfolio contains three photo voltaic amenities, within the combination capability of roughly 38 MW, that are already constructed and related to the grid, and extra initiatives with an combination capability of roughly 160 MW which have reached ready-to-build standing.

The Mission Finance in an quantity of up to €110 million might be offered by means of senior secured notes to be issued in a number of tranches during the construction section by a wholly-owned subsidiary of Ellomay Luxembourg. All notes are due on December 31, 2047 and to be repaid in semi-annual installments. The notes bear curiosity from and together with the difficulty date to and excluding the maturity date on the fee of 4.50% every year, to be paid semi-annually in arrears.

The financial closing of the Mission Finance is predicted to happen within the coming weeks.

About


Ellomay


Capital Ltd.

Ellomay is an Israeli primarily based company whose shares are registered with the NYSE American and with the Tel Aviv Inventory Alternate underneath the trading image “ELLO”. Since 2009, Ellomay Capital focuses its business within the renewable power and energy sectors in Europe, USA and Israel.

Up to now, Ellomay has evaluated quite a few alternatives and invested vital funds within the renewable, clean power and natural sources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, together with:

• Roughly 335.9 MW of working solar energy plants in Spain (together with a 300 MW photo voltaic plant in owned by Talasol, which is 51% owned by the Firm) and roughly 38 MW of working solar energy plants in Italy;
• 9.375% oblique curiosity in Dorad Power Ltd., which owns and operates one of Israel’s largest personal energy plants with manufacturing capability of roughly 850MW, representing about 6%-8% of Israel’s whole present electrical energy consumption;
• Groen Gasoline Goor B.V., Groen Gasoline Oude-Tonge B.V. and Groen Gasoline Gelderland B.V., project firms working anaerobic digestion plants in the Netherlands, with a inexperienced gasoline manufacturing capability of roughly 3 million, 3.8 million and 9.5 million Nm3 per yr, respectively;
• 83.333% of Ellomay Pumped Storage (2014) Ltd., which is concerned in a project to assemble a 156 MW pumped storage hydro energy plant within the Manara Cliff, Israel;
• Photo voltaic initiatives in Italy with an combination capability of 285 MW which have reached “ready to build” standing; and
• Photo voltaic initiatives within the Dallas Metropolitan space, Texas, USA with an combination capability of 49 MW which might be underneath construction.

For more details about Ellomay, go to

http://www.ellomay.com

.

Info


Regarding Ahead-Wanting Statements

This press release accommodates forward-looking statements that contain substantial dangers and uncertainties, together with statements which might be primarily based on the present expectations and assumptions of the Firm’s management. All statements, different than statements of historic details, included on this press release concerning the Firm’s plans and targets, expectations and assumptions of management are forward-looking statements. The use of sure phrases, together with the phrases “estimate,” “project,” “intend,” “expect,” “believe” and related expressions are supposed to establish forward-looking statements within the which means of the Personal Securities Litigation Reform Act of 1995. The Firm could not really obtain the plans, intentions or expectations disclosed within the forward-looking statements and you shouldn’t place undue reliance on the Firm’s forward-looking statements. Varied important components might trigger precise outcomes or occasions to vary materially from these that could be expressed or implied by the Firm’s forward-looking statements, together with the non-fulfillment of any of the situations to closing set forth within the Mission Finance documentation, modifications in electrical energy costs and demand, regulatory modifications, will increase in rates of interest and inflation, modifications within the provide and costs of sources required for the operation of the Firm’s amenities (corresponding to waste and natural gasoline) and within the price of oil, the affect of the warfare and hostilities in Israel and Gaza, the affect of continued navy battle between Russia and Ukraine, technical and different disruptions within the operations or construction of the ability plants owned by the Firm and normal market, political and financial situations within the nations through which the Firm operates, together with Israel, Spain, Italy and the US. These and different dangers and uncertainties related to the Firm’s business are described in higher element within the filings the Firm makes from time to time with Securities and Alternate Fee, together with its Annual Report on Type 20-F. The forward-looking statements are made as of this date and the Firm doesn’t undertake any obligation to replace any forward-looking statements, whether or not as a end result of new data, future occasions or in any other case.

Contact:

Kalia Rubenbach (Weintraub)

CFO

Tel: +972 (3) 797-1111

E-mail:

[email protected]

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