<\/p>\n
Ellomay Capital Ltd. (\u201cEllomay\u201d or the \u201cCompany\u201d), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, reported that its wholly-owned subsidiary, Ellomay Holdings Luxembourg Sarl (\u201cEllomay Luxembourg\u201d), which among other assets owns a portfolio of 198 MW solar in Italy that includes operating, under construction and \u201cready to build\u201d projects (the \u201cItalian PV Portfolio\u201d), achieved an important milestone towards the financing of the Italian PV Portfolio (the \u201cProject Finance\u201d) through the entrance of commitment letter and term sheet (the \u201cCommitment Letter\u201d) between Ellomay Luxembourg and a reputable European institutional investor (the \u201cLender\u201d).<\/p>\n
The Commitment Letter sets forth the terms and conditions of the Project Finance, in an amount of up to \u20ac110 million. Subject to the terms and conditions agreed by the Company and the Lender, the Lender is willing to provide Ellomay Luxembourg or its subsidiaries that directly own the Italian PV Portfolio a non-recourse merchant loan, which may be drawn down in several installments. The Project Finance is intended to finance or refinance the construction and related expenses of Italian PV Portfolio.<\/p>\n
The Lender\u2019s commitments are subject to the execution of detailed Project Finance documentation by no later than December 31, 2024 (or such later date as agreed by the parties) and the satisfactory completion of due diligence by the Lender.<\/p>\n
Other details of the transaction cannot be disclosed due to compliance with the provisions on non-disclosure of confidential information.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Ellomay Capital Ltd. (\u201cEllomay\u201d or the \u201cCompany\u201d), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, reported that its wholly-owned subsidiary, Ellomay Holdings Luxembourg Sarl (\u201cEllomay Luxembourg\u201d), which among other assets owns a portfolio of 198 MW solar in Italy that includes operating, under […]<\/p>\n","protected":false},"author":1,"featured_media":2476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Solar-energy-4-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Solar-energy-4-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Solar-energy-4-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Solar-energy-4-scaled.jpg",2560,1707,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2475"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2475\/revisions"}],"predecessor-version":[{"id":2477,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2475\/revisions\/2477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2476"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}