Ellomay Inks 28-MW Spanish PV Plant EPC Agreement (Int'l.)
Tel-Aviv-headquartered renewable energy developer Ellomay Capital Ltd. is reporting its solar plant construction unit Ellomay Solar S.L.U. has centered into a €15.32 million engineering, procurement and construction (EPC) agreement for a 28-MW photovoltaic plant in the municipality of Talavan, Caceres, Spain, with MYTILINEOS S.A.'s renewables and storage development business unit METKA EGN Spain S.L.U. Work began March 1 and is expected to be completed within 9 months.
To date, Ellomay has evaluated numerous opportunities and invested in the renewable, clean energy and natural resources industries in Israel, Italy and Spain, including:
Approximately 7.9MW of photovoltaic power plants in Spain and a photovoltaic power plant of approximately 9 MW in Israel;
9.375 pct indirect interest in Dorad Energy Ltd., which owns and operates one of Israel's largest private power plants with production capacity of approximately 860 MW, representing about 6 - 8 pct of Israel's total current electricity consumption;
51 pct of Talasol, which owns a photovoltaic plant with a peak capacity of 300MW in the municipality of Talavan, Caceres, Spain;
Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million (with a license to produce 7.5 million) Nm3 per year, respectively;
83.333 pct of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel.
(Source: Ellomay Capital Ltd., PR, Mar., 2021)
Contact: MYTILINEOS S.A, www.mytilineos.gr; Ellomay Capital,
Kalia Weintraub, CFO, +972 (3) 797-1111, firstname.lastname@example.org, www.ellomay.com
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Israeli Pumped Hydro Storage Project Advancing (Int'l. Report)
Tel Aviv-headquartered renewable energy developer and operator Ellomay Capital Ltd. reports all conditions precedent -- execution of an engineering, procurement and construction (EPC) agreement and an operation and maintenance (O&M) agreement -- have been met under the conditional license issued to the pumped hydro storage project to be constructed in the Manara Cliff, Israel.
The EPC Agreement was executed under a "turnkey" contract with Electra Infrastructure Ltd. one of Israel's largest construction companies, and the O&M Agreement was executed with Mekorot Israel National Water Co., The Manara Project is expected to commence construction following receipt of the Israeli Electricity Authority's approval.
(Source: Ellomay Capital Ltd., PR, 14 Feb., 2021) Contact: Ellomay Capital Ltd, Ran Fridrich, CEO, Kalia Weintraub, CFO, +972 (3) 797-1111, email@example.com, www.eelomay.com
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Ellomay Announces PV Dev. Framework Agreement (Ind. Report)
Tel-Aviv-based Ellomay Capital Ltd., a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, is reporting a Framework Agreement between its wholly-owned subsidiary, Ellomay Luxemburg Holdings and an established and experienced European developer and contractor.
Under the agreement,
the developer will scout and develop photovoltaic greenfield projects in Italy with the aim of reaching an aggregate authorized capacity of at least 250 MW over a three-year period. The Developer is currently in various advanced development stages of projects in an aggregate capacity of approximately 100 MW. It is currently estimated by the Developer that projects with an aggregate capacity of approximately 70 MW will achieve "ready to build" status by the end of 2020.
The Framework Agreement provides that when the first project under the Framework Agreement achieves the positive environmental impact assessment, the parties will negotiate the terms of a model lump-sum, turnkey EPC contract and O&M contract, which will be executed with the Developer in connection with all projects acquired under the Framework Agreement.
To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy and Spain.
(Source: Ellomay Capital Ltd., PR, 19 Nov., 2019) Contact: Ellomay, Ran Fridrich, CEO,
Kalia Weintraub , CFO, +972 (3) 797-1111,
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Ellomay Closes on 300MW Spanish PV Plant Financing (Int'l)
Israel-based Ellomay Capital reports it has closed on the project financing for construction of Talasol Solar's 300 MW photovoltaic plant in the municipality of Talaván, in Extramadura, Spain. The company has also closed the sale of 49 pct of its indirect holdings in the project company,
Ellomay expects the Talasol Project's total capital expenditure to be approximately €228 million of which an aggregate amount of approximately €131 million is to be provided by a term loan under the project finance obtained by Talasol from Rabobank, ABN AMRO and Deutsche Bank and the European Investment Bank. (Source: Ellomay, COMPELO, 2 May, 2019) Contact: Ellomay Capital, www.ellomay.com;
Talasol Solar, www.bloomberg.com/profiles/companies/1507005D:SM-talasol-solar-sl
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