Ellomay (ELLO) has released an update.
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Ellomay Capital Ltd., a renewable energy and power company, has announced the financial closing of a €10.5 million project finance facility for its solar plant in Spain and the successful sale of its Talmei Yosef PV plant in Israel for approximately €10.6 million. The company plans to utilize the cash influx to accelerate PV project construction in the USA and Italy. These moves are part of Ellomay’s strategy of selling developed assets and securing finance for self-funded projects post-grid connection.
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