Ellomay capital secures €110M for 198 MW solar projects in Italy

Ellomay Capital Ltd. has secured up to €110M (~ $115.79 million) for a 198 MW solar portfolio in Italy with a 38 MW grid-connected and 160 MW under construction.

By Nandini Yelabaka 05 Mar 2025 in Project Bytes EMEA Bytes

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The financing for Ellomay Luxembourg will be disbursed in phases and will be repaid by December 31, 2047. Image Source: Ellomay

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 agreement is expected to be finalized soon.

#Italy #EnergyInvestment #SolarPortfolio #EllomayCapital

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