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Ellomay Capital Announces Execution of Project Finance Agreements for its 198 MW Solar Portfolio in Italy

Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol "ELLO". Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel.
Ellomay Capital Ltd. has announced the execution of project finance agreements for its 198 MW solar portfolio in Italy, which includes three photovoltaic plants in Lazio and Puglia. The financing, amounting to €170 million, was secured from a consortium of banks including Banco BPM S.p.A., Intesa Sanpaolo S.p.A., and BPER Banca S.p.A. This funding will support the construction and operation of the solar facilities, with the debt structured in two tranches: €120 million for construction and €50 million for VAT and additional costs. The loan terms include a 20-year repayment period with a 2-year grace period, and the interest rate is set at EURIBOR plus a margin of 2.15% to 2.35%. This financial arrangement is expected to enhance Ellomay's renewable energy operations in Italy, contributing to its broader strategy of expanding clean energy production.

Read the Full manilatimes Article at:
[ https://www.manilatimes.net/2025/03/02/tmt-newswire/globenewswire/ellomay-capital-announces-execution-of-project-finance-agreements-for-its-198-mw-solar-portfolio-in-italy/2065435 ]