Tel Aviv headquartered renewable energy developer,Ellomay Capital Ltd. has secured up to €110 million (~ $115.79 million)in financing from a European investor to support its 198 MW solar portfolio in Italy. The portfolio, managed by its subsidiary Ellomay Luxembourg, includes 38 MW already connected to the grid and 160 MW set for construction. The financing will be disbursed in phases throughout the construction process and repaid in installments by December 31, 2047, with an annual interest rate of 4.50%. The financial agreementis expected to be finalized soon.