Ellomay Capital to draw EUR-100m loan for Italian solar portfolio
- Admin
- Sep 11, 2024
- 2 min read
Israeli renewables developer and power producer, Ellomay Capital Ltd, is arranging EUR 110 million in financing for a European entity with a 198-MW Italian solar portfolio. The financing is for operating, under-construction, and ready-to-build projects. Ellomay Holdings Luxembourg Sarl has signed a commitment letter and term sheet with an unnamed European institutional investor for a non-recourse merchant loan. The loan may be drawn down in several installments over 23 years to finance or refinance the Italian solar portfolio construction and related expenses.
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