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].

Core Viewpoint - Ellomay Capital Ltd. reported its indirect shareholding in Dorad Energy Ltd. and provided a translation of Dorad's financial results for the three and six months ended June 30, 2025, highlighting significant financial impacts due to external events and operational challenges [1][3][4]. Financial Performance - Dorad's revenues for the three months ended June 30, 2025, were approximately NIS 566.8 million, with an operating profit of approximately NIS 56.9 million [8][20]. - The company experienced a loss primarily due to an increase of approximately NIS 72.7 million in financing expenses compared to the same period in 2024, attributed to NIS/USD exchange rate fluctuations [5][21]. - Dorad's revenues in June 2025 decreased by approximately 22% compared to June 2024, influenced by military operations and economic restrictions in Israel [6]. Ownership Structure - As of June 30, 2025, Ellomay indirectly held approximately 9.4% of Dorad through its 50% ownership of Ellomay Luzon Energy, which increased to approximately 16.9% following the acquisition of an additional 15% of Dorad's share capital [1][4]. Economic and Operational Context - The Israeli economy faced significant disruptions due to military operations, leading to restrictions on movement and gatherings, which adversely affected Dorad's operations [6]. - Dorad's financial statements were prepared in accordance with International Financial Reporting Standards, and the company continues to monitor the ongoing situation and its potential long-term impacts [3][6]. Seasonal Demand - Dorad's electricity demand is seasonal, with higher consumption during summer and winter months, which affects revenue generation [7][9].