Ellomay Capital Announces Execution of Project Finance Agreements for its 198 MW Solar Portfolio in Italy
Ellomay Capital (NYSE American; TASE: ELLO) has secured project financing agreements for its 198 MW Italian Solar Portfolio through its subsidiary Ellomay Holdings Luxembourg Sarl. The portfolio consists of 38 MW of operational solar facilities and 160 MW of ready-to-build projects.
The financing package, provided by a European institutional investor, amounts to €110 million and will be issued as senior secured notes in multiple tranches during the construction phase. The notes, maturing on December 31, 2047, carry a 4.50% annual interest rate with semi-annual payments. Financial closing is expected in the coming weeks.
Ellomay Capital (NYSE American; TASE: ELLO) ha ottenuto accordi di finanziamento per progetti per il suo Portafoglio Solare Italiano da 198 MW tramite la sua controllata Ellomay Holdings Luxembourg Sarl. Il portafoglio è composto da 38 MW di impianti solari operativi e 160 MW di progetti pronti per la costruzione.
Il pacchetto di finanziamento, fornito da un investitore istituzionale europeo, ammonta a €110 milioni e sarà emesso come note senior garantite in più tranche durante la fase di costruzione. Le note, in scadenza il 31 dicembre 2047, hanno un tasso di interesse annuale del 4,50% con pagamenti semestrali. La chiusura finanziaria è prevista nelle prossime settimane.
Ellomay Capital (NYSE American; TASE: ELLO) ha asegurado acuerdos de financiamiento para su Portafolio Solar Italiano de 198 MW a través de su subsidiaria Ellomay Holdings Luxembourg Sarl. El portafolio consta de 38 MW de instalaciones solares operativas y 160 MW de proyectos listos para construir.
El paquete de financiamiento, proporcionado por un inversor institucional europeo, asciende a €110 millones y se emitirá como notas senior garantizadas en múltiples tramos durante la fase de construcción. Las notas, que vencen el 31 de diciembre de 2047, tienen un tasa de interés anual del 4,50% con pagos semestrales. Se espera el cierre financiero en las próximas semanas.
Ellomay Capital (NYSE American; TASE: ELLO)는 자회사 Ellomay Holdings Luxembourg Sarl을 통해 198 MW 이탈리아 태양광 포트폴리오에 대한 프로젝트 금융 계약을 확보했습니다. 이 포트폴리오는 38 MW의 운영 중인 태양광 시설과 160 MW의 건설 준비 완료 프로젝트로 구성되어 있습니다.
유럽의 기관 투자자가 제공한 금융 패키지는 €110 백만에 달하며, 건설 단계에서 여러 트랜치로 발행될 선순위 보장 노트로 발행됩니다. 이 노트는 2047년 12월 31일에 만료되며, 연 4.50%의 이자율을 가지고 있으며 반기별로 지급됩니다. 재무 마감은 향후 몇 주 내에 이루어질 것으로 예상됩니다.
Ellomay Capital (NYSE American; TASE: ELLO) a sécurisé des accords de financement de projet pour son Portefeuille Solaire Italien de 198 MW via sa filiale Ellomay Holdings Luxembourg Sarl. Le portefeuille se compose de 38 MW d'installations solaires opérationnelles et de 160 MW de projets prêts à construire.
Le paquet de financement, fourni par un investisseur institutionnel européen, s'élève à €110 millions et sera émis sous forme de billets garantis senior en plusieurs tranches pendant la phase de construction. Les billets, arrivant à échéance le 31 décembre 2047, portent un taux d'intérêt annuel de 4,50% avec des paiements semestriels. La clôture financière est attendue dans les semaines à venir.
Ellomay Capital (NYSE American; TASE: ELLO) hat Finanzierungsvereinbarungen für sein 198 MW Italienisches Solarportfolio über seine Tochtergesellschaft Ellomay Holdings Luxembourg Sarl gesichert. Das Portfolio besteht aus 38 MW operativer Solar-Anlagen und 160 MW bereit zur Bauprojekten.
Das Finanzierungsangebot, das von einem europäischen institutionellen Investor bereitgestellt wird, beläuft sich auf €110 Millionen und wird während der Bauphase in mehreren Tranchen als senior gesicherte Anleihen ausgegeben. Die Anleihen, die am 31. Dezember 2047 fällig werden, tragen einen jährlichen Zinssatz von 4,50% mit halbjährlichen Zahlungen. Der finanzielle Abschluss wird in den kommenden Wochen erwartet.
- Secured €110 million project financing for 198 MW solar portfolio
- 38 MW of solar facilities already operational and grid-connected
- 160 MW of projects have achieved ready-to-build status
- Long-term financing secured until 2047
- 4.50% annual interest rate adds significant financing costs
Tel-Aviv, Israel, March 02, 2025 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, today reported that its wholly-owned subsidiary, Ellomay Holdings Luxembourg Sarl (“Ellomay Luxembourg”), which owns a portfolio of 198 MW solar facilities in Italy, among other assets, that includes operating and “ready to build” projects (the “Italian Solar Portfolio”), entered into a set of agreements governing the procurement of financing (the “Project Finance”) with a reputable European institutional investor (the “Lender”), intended to finance the construction and related expenses of the Italian Solar Portfolio. The Italian Solar Portfolio includes three solar facilities, in the aggregate capacity of approximately 38 MW, which are already constructed and connected to the grid, and additional projects with an aggregate capacity of approximately 160 MW that have reached ready-to-build status.
The Project Finance in an amount of up to
The financial closing of the Project Finance is expected to occur in the coming weeks.
About Ellomay Capital Ltd.
Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel.
To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:
- Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is
51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy; 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about6% -8% of Israel’s total current electricity consumption;- Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;- Solar projects in Italy with an aggregate capacity of 285 MW that have reached “ready to build” status; and
- Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of 49 MW that are under construction.
For more information about Ellomay, visit http://www.ellomay.com.
Information Relating to Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including the non-fulfillment of any of the conditions to closing set forth in the Project Finance documentation, changes in electricity prices and demand, regulatory changes, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Kalia Rubenbach (Weintraub)
CFO
Tel: +972 (3) 797-1111
Email: hilai@ellomay.com
FAQ
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