Ellomay ( (IL:ELLO) ) has shared an update.
Ellomay Capital Ltd. announced on March 2, 2025, that its subsidiary, Ellomay Holdings Luxembourg Sarl, has entered into project finance agreements for its 198 MW solar portfolio in Italy. The agreements involve financing of up to €110 million through senior secured notes, aimed at supporting the construction and related expenses of the solar facilities. This strategic move is expected to bolster Ellomay’s position in the renewable energy sector, particularly in Italy, and reflects its ongoing commitment to expanding its clean energy footprint.
More about Ellomay
Ellomay Capital Ltd. is an Israeli-based company that operates in the renewable energy and power sectors across Europe, the USA, and Israel. Since 2009, Ellomay has focused on developing and managing renewable energy projects, including solar power plants in Spain and Italy, a significant interest in a large Israeli power plant, and green gas production facilities in the Netherlands.
YTD Price Performance: -1.83%
Average Trading Volume: 3,920
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $203.1M
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