Ellomay (ELLO) has released an update.
Ellomay Capital Ltd. has reached a significant step forward in securing project finance for its 198 MW Solar Portfolio in Italy, with a commitment letter from a European institutional investor for up to €110 million. The funds are intended to support construction and related costs, with terms including a 23-year repayment period after financial closing. However, the finalization of this financing is dependent on detailed documentation and satisfactory due diligence, with no guarantees of completion.
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