Ellomay (ELLO) has released an update.
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Ellomay Capital Ltd., a renewable energy company, announced the sale of Investment Tax Credits worth approximately $19 million from its Texas solar projects, leveraging the Inflation Reduction Act. This strategic move, expected to complete by Q2 2025, will allow Ellomay to retain full operating profits while meeting customary indemnification obligations. The CEO highlighted the transaction as a significant step in expanding the company’s U.S. solar portfolio while maintaining financial benefits.
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