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Ellomay ( (IL:ELLO) ) just unveiled an update.
Ellomay Capital Ltd. announced updates regarding its potential public offering in Israel, focusing on a new series of debentures. The construction of the Manara PSP in Israel, initially set to be operational by mid-2027, has been delayed due to the ‘Iron Swords’ war, with the operation now expected in early 2029, following a 16-month extension approved by the Israeli Electricity Authority. In Italy, Ellomay’s solar portfolio, comprising projects with a total capacity of 198 MW, has secured a conditional financing commitment of up to €110 million. The company has entered into construction agreements for these projects, with completion expected in 18 months, contingent upon the finalization of a financing agreement.
More about Ellomay
Ellomay Capital Ltd. is involved in the initiation, development, construction, and production of renewable and clean energy projects across Europe, the USA, and Israel. The company owns and operates solar power plants in Spain and Italy, anaerobic digestion plants in the Netherlands, and is developing solar projects in Italy, the USA, Spain, and Israel. Ellomay is also involved in constructing a pumped storage hydro power plant in Israel.
YTD Price Performance: -5.20%
Average Trading Volume: 4,449
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $200.4M
For an in-depth examination of ELLO stock, go to TipRanks’ Stock Analysis page.
