Ellomay Capital Reports receipt of an Approval to Issue a Building Permit for the Dorad Power Plant Expansion

Core Viewpoint - Ellomay Capital Ltd. has received approval from the Israeli National Licensing Authority for the expansion of Dorad Energy Ltd.'s power plant, which includes the construction of a new generating unit with a capacity of approximately 650 MW [1][2]. Company Overview - Ellomay Capital Ltd. is an Israeli company listed on the NYSE American and the Tel Aviv Stock Exchange, focusing on renewable energy and power sectors in Europe, the USA, and Israel since 2009 [3]. - The company holds an indirect 16.9% stake in Dorad Energy Ltd. through its 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. [2]. Renewable Energy Investments - Ellomay has invested significantly in renewable energy projects across various countries, including Israel, Italy, Spain, the Netherlands, and Texas, USA [4]. - The company operates approximately 335.9 MW of solar power plants in Spain and holds a 51% interest in solar projects in Italy with an aggregate capacity of 160 MW [6]. - Dorad Energy Ltd. operates one of Israel's largest private power plants with a production capacity of approximately 850 MW [6]. Project Details - The approved expansion project for Dorad Energy Ltd. is referred to as "Dorad 2" and includes the installation of a new turbine along with the new generating unit [1][2]. - Ellomay is also involved in anaerobic digestion plants in the Netherlands with a combined green gas production capacity of approximately 16.3 million Nm3 per year [6].