Ellomay Capital, an Israeli-based company, reported that its affiliate Ellomay Luzon Energy acquired an additional 15% of Dorad Energy shares on July 22, 2025, raising its total stake to 33.75%. The acquisition followed Edelcom’s failure to fulfill conditions for its intended 7.5% purchase. Ellomay Luzon Energy exercised a right of first refusal after Zorlu Enerji’s share sale, completing the full 15% transaction. The deal, valued at approximately ILS 424 million (~$ 4.90 million), was financed through a three-part bank loan. The loans carry varying interest rates and repayment timelines, with the earliest starting in December 2025. The agreement imposes financial and operational restrictions on Ellomay Luzon Energy and includes a pledge on dividends from Dorad. Edelcom filed for injunctions to block the sale, but the Tel Aviv-Jaffa District Court denied interim relief on July 20, 2025. A hearing is scheduled for August 6, 2025, to further address the matter.Earlier, Ellomay Capital secured €110 million in project financing for its 198MW solar PV portfolio in Italy, strengthening its renewable development.