Ellomay Capital Announces Execution of Project Finance Agreements for its 198 MW Solar Portfolio in Italy

Core Viewpoint - Ellomay Capital Ltd. has entered into financing agreements for its Italian Solar Portfolio, which includes both operational and ready-to-build solar projects, totaling 198 MW in capacity [1][2]. Group 1: Financing Details - The Project Finance amounts to up to €110 million, structured as senior secured notes issued in multiple tranches during the construction phase [2]. - The notes will mature on December 31, 2047, with semi-annual repayments and an interest rate of 4.50% per annum [2]. Group 2: Project Overview - The Italian Solar Portfolio consists of three solar facilities with a combined capacity of approximately 38 MW that are already operational and connected to the grid [1]. - Additionally, there are projects with a total capacity of around 160 MW that have reached ready-to-build status [1]. Group 3: Company Background - Ellomay Capital Ltd. is based in Israel and focuses on renewable energy and power sectors across Europe, the USA, and Israel since 2009 [4]. - The company has made significant investments in renewable energy projects in various countries, including Israel, Italy, Spain, the Netherlands, and Texas, USA [5].