Tel-Aviv, Israel, Oct. 23, 2025 (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 USA, today announced that at the annual general meeting of the Company’s shareholders, held on October 23, 2025 (the “AGM”), the following proposals were adopted and approved by the required majority (including the special majority required in connection with propos ...

Group 1 - RWE is recognized as a leading stock in the renewable energy sector, particularly in wind and solar power, with a 'Buy' rating and a price target of $49 from Berenberg [1][3] - The company is projected to double its earnings per share to €4 by 2030, supported by a planned investment of €35 billion in renewable and flexible generation capacity [2][3] - Berenberg forecasts a 13.7% compound annual growth rate in earnings per share and a 7.5% compound annual growth rate in dividend payments, indicating strong financial growth potential [2][3] Group 2 - RWE specializes in the development and operation of onshore and offshore wind farms, solar power plants, and battery storage facilities, along with providing customized products and services to industrial and commercial clients [4]

Core Viewpoint - Ellomay Capital Ltd. is set to hold its annual general meeting on October 23, 2025, to discuss key corporate matters including director reelections and financial approvals [1][2]. Meeting Agenda - The agenda includes the reelection of directors Ben Sheizaf, Ran Fridrich, Anita Leviant, and Ehud Gil [2] - Approval for an increase in authorized share capital and amendments to the Company's Articles of Association [2] - Approval of a directors and officers liability insurance policy [2] - Approval of updated employment terms and bonus payment for Asaf Nehama, son of a controlling shareholder [2] - Reappointment of Somekh Chaikin as independent auditors for the fiscal year ending December 31, 2025 [2] - Receipt and consideration of the Auditors' Report and Financial Statements for the fiscal year ended December 31, 2024 [2] Voting Eligibility and Process - Shareholders of record as of September 18, 2025, are entitled to vote at the Meeting [3] - A proxy statement will be mailed around September 19, 2025, detailing the proposals [3] - Voting can be conducted via proxy card or through the electronic system of the Israel Securities Authority [6] Special Voting Requirements - Resolutions require a majority vote from ordinary shares present at the Meeting [4] - Additional special voting requirements apply to certain proposals related to controlling shareholders [4] Company Overview - Ellomay Capital Ltd. is focused on renewable energy and power generation in Europe, Israel, and the USA [7] - The company has invested in various renewable energy projects across multiple countries including Israel, Italy, Spain, the Netherlands, and Texas, USA [8][11]

Core Insights - The INVL Renewable Energy Fund I has secured a EUR 29.3 million loan from Kommunalkredit Austria AG to finance the construction of solar power plants in Romania with a total capacity of 71 megawatts (MW) [1][3] - This loan marks the second financing from Kommunalkredit to the fund, following a previous EUR 25 million loan granted in November 2023 for similar projects [3][4] - The fund is focusing on renewable energy projects in Romania and Poland, with a total project capacity of 389 MW in development across these markets [5][6] Financing and Investment - The fund is currently seeking to raise up to EUR 15 million through a bond offering aimed at private and institutional investors in the Baltic countries [7] - Total investments in renewable energy projects in Romania and Poland are expected to exceed EUR 250 million, with over EUR 90 million already invested as of June 2025 [6] Project Development - The 71-MW solar project in Dolj County is the fund's third large-scale solar energy development in Romania, with construction expected to be completed by the end of September next year [5] - In Romania, the fund is investing in eight solar plants with a combined capacity of 356 MW, while in Poland, it is developing projects with over 32 MW [6] Company Background - The INVL Renewable Energy Fund I was established on July 20, 2021, by INVL Asset Management, focusing on early- and mid-stage renewable energy projects within the European Union and the European Economic Area [8]

Core Points - Voltalia has been awarded two new EPC contracts by ESB for solar power plants in Ireland, totaling 92.9 megawatts [1][2] - The new projects include the 43.7-megawatt Carriglong solar power plant and the 49.2-megawatt Clashwilliam solar power plant, marking the fourth collaboration between Voltalia and ESB since 2023 [1][2] - Voltalia's partnership with ESB has expanded significantly, with over 600 megawatts awarded for construction in Ireland since summer 2024, in addition to 365 megawatts already commissioned since 2022 [2] Company Overview - Voltalia is an international player in renewable energies, producing and selling electricity from various sources including wind, solar, hydro, biomass, and storage facilities, with a total capacity of 3.3 GW in operation and under construction [4][5] - The company has a project portfolio under development with a total capacity of 17.4 GW [4] - Voltalia also provides comprehensive services to renewable energy customers, supporting projects from design to operation and maintenance [5] Future Events - Voltalia is scheduled to present its Half-Year Results for 2025 and the SPRING transformation plan on September 4, 2025, followed by an in-person event with a live webcast [4]

Core Insights - Scatec ASA has been awarded preferred bidder status for 846 MW solar projects in South Africa, marking a significant milestone in the company's renewable energy initiatives in the region [1][3][4] Project Details - The Kroonstad PV cluster will consist of three solar power plants: Oslaagte Solar 2 (293 MW), Oslaagte Solar 3 (293 MW), and Leeuwspruit Solar (260 MW) [2] - The total estimated project cost is ZAR 13 billion (USD 735 million), with financing structured as up to 90% non-recourse project debt and the remainder from equity [2][6] Company Positioning - Scatec will hold 50.90% equity in the project, with Stanlib's infrastructure fund owning 46.50% and a Community Trust holding 2.6% [6] - The company will provide engineering, procurement, construction (EPC), operations & maintenance (O&M), and asset management (AM) services for the project [6] Future Outlook - Financial close is anticipated in 2026, with construction expected to commence thereafter [5][6]