Ellomay Capital Announces Achievement of an Important Milestone towards the Project Finance of its 198 MW Solar Portfolio in Italy

Tel-Aviv, Israel, Sept. 09, 2024 (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 among other assets owns a portfolio of 198 MW solar in Italy that includes operating, under construction and “ready to build” projects (the “Italian PV Portfolio”), achieved an important milestone towards the financing of the Italian PV Portfolio (the “Project Finance”) through the entrance of commitment letter and term sheet (the “Commitment Letter”) between Ellomay Luxembourg and a reputable European institutional investor (the “Lender”).

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