Core Insights - Ellomay Capital Ltd. has been awarded a tariff in Italy's FER X national competitive tender for its 79.5 MW solar project, securing support for 75% of the project's capacity [1][2] - The awarded tariff is €67.7/MWh, which includes a fixed price and a regional supplement, providing long-term price stability for the project [2][3] - The project is expected to generate approximately €180 million in total revenues over the 20-year contract period [3] Project Details - The Ellomay 11 project has a peak capacity of 79.5 MWp and an expected annual generation of about 119,300 MWh, with an energy specific yield of 1,501 kWh/kWp [2] - The tariff awarded includes a 20-year two-way Contract for Difference (CfD), ensuring price stability for 75% of production while the remaining 25% will be sold under merchant pricing [3] Company Expansion - The award reinforces Ellomay's expansion in the Italian renewable market, with a portfolio that includes 38 MW of operational projects and 160 MW under advanced construction expected to achieve commercial operation in 2026 [4] - The company is also developing a battery energy storage platform in Italy to complement its solar portfolio [6] Financial Developments - The company has made the first withdrawal of funds under the project finance obtained for its Italian solar portfolio, which is 51% owned [5] - The CEO highlighted the strategic importance of winning the FER X tender, emphasizing the company's ability to secure financing and advance its renewable energy projects [7]