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Ellomay Capital Ltd (ELLO) delivers renewable energy solutions through photovoltaic plants, pumped hydro storage, and infrastructure projects across Europe and North America. This news hub provides investors and industry stakeholders with timely updates on financial performance, operational milestones, and strategic initiatives shaping the company's role in the global energy transition.
Access authoritative coverage of ELLO's quarterly earnings, project developments, and regulatory engagements. Our curated news collection simplifies tracking of key metrics including power purchase agreement expansions, asset acquisitions, and renewable energy capacity growth.
Explore updates spanning solar farm commissioning, hydro storage innovations, and cross-border infrastructure investments. Content is rigorously verified to support informed analysis of Ellomay's market position in Spain's renewable sector and emerging opportunities in U.S. energy markets.
Bookmark this page for consolidated access to ELLO's evolving story in clean energy generation and utility-scale storage solutions. Check regularly for objective reporting on operational efficiencies, partnership announcements, and long-term value drivers in renewable infrastructure.
Ellomay Capital (NYSE American: ELLO) has signed 9-year power purchase agreements (PPAs) with Statkraft for three operating solar plants in Italy. The PPAs cover 75% of the capacity of the plants, which have a combined capacity of 38 MW. Ellomay holds a 51% interest in these projects.
The agreement strengthens Ellomay's renewable energy platform in Europe. The company's Italian solar portfolio includes 160 MW under construction (51% owned), 124 MW with construction permits, and an additional 140 MW expected to receive permits soon. The PPAs were structured to provide long-term stability while maintaining merchant upside potential in a volatile market.
Ellomay Capital (NYSE American: ELLO), a renewable energy and power generator, reported strong financial results for Q1 2025. The company's total assets reached €721.2 million as of March 31, 2025, up from €677.3 million at the end of 2024. Revenues increased to €8.9 million, a 9% rise from €8.2 million in Q1 2024.
The company achieved a significant turnaround with a profit of €6.8 million in Q1 2025, compared to a loss of €4.9 million in Q1 2024. EBITDA improved by 81% to €2.9 million. The financial performance was notably impacted by favorable exchange rate differences, contributing to financing income of €7.2 million.
Ellomay made substantial progress in its expansion initiatives, including: new Italian solar facilities totaling 37.9 MW connected to the grid, financing agreements for 198 MW of solar projects in Italy, advancement of 50 MW solar projects in the US, and increased production license in the Netherlands. The company also successfully raised approximately €56.7 million through a Series G Debenture offering in February 2025.
[ "Significant profit turnaround to €6.8 million from €4.9 million loss year-over-year", "Revenue growth of 9% to €8.9 million compared to Q1 2024", "EBITDA increased 81% to €2.9 million year-over-year", "Total assets grew to €721.2 million from €677.3 million in December 2024", "Successful fundraising of €56.7 million through Series G Debenture offering", "New solar facilities in Italy (37.9 MW) connected to the grid", "Secured financing agreements for 198 MW of solar projects in Italy" ]Ellomay Capital (NYSE American; TASE: ELLO), a renewable energy and power generator operating in Europe, USA and Israel, has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2024.
Key financial updates from the report include:
- A decrease of approximately €0.6 million in depreciation and amortization costs
- A reduction of approximately €0.1 million in tax benefit
These changes are in comparison to the previously published unaudited financial results from March 31, 2025. The company has made the complete report available for download through their investor relations website and will provide hard copies of the Annual Report, including audited financial statements, to shareholders upon request.
Ellomay Capital (NYSE American; TASE: ELLO) has entered into an investment agreement with Clal Insurance, a leading Israeli institutional investor, for a €52 million investment. The deal involves creating an Israeli partnership where Ellomay will hold 51% and Clal 49% of the interests in a 198 MW Italian Solar Portfolio.
The portfolio includes 38 MW of operational solar facilities and 160 MW of Ready-to-Build projects. The agreement grants Clal first-look rights on future Ellomay solar projects in Italy. As part of the deal, Ellomay will issue Clal a warrant for 416,000 ordinary shares at NIS 69.7 per share, exercisable within 26 months.
The partnership agreement includes management fees for Ellomay, pro-rata funding commitments, and semi-annual surplus distributions. The deal's completion is subject to regulatory approvals and other customary conditions.
Ellomay Capital (ELLO) reported its financial results for Q4 and FY 2024, showing mixed performance. Total assets increased to €676.7M from €612.9M in 2023. The company recorded a loss of €9.5M in 2024 compared to a profit of €0.6M in 2023, while EBITDA improved to €25.1M from €18.8M.
Annual revenues decreased to €40.5M from €48.8M, primarily due to reduced electricity prices in Spain and lower gas prices in Netherlands. Operating profit increased 71% to €7.7M despite revenue challenges. The company completed the sale of its 9MW Talmei Yosef solar plant for NIS 42.6M (€10.6M).
Notable developments include: advancement in Italian projects totaling 198MW capacity, USA projects of 49MW under construction, and approval to expand the Dorad power plant by 650MW in Israel. The company plans to exercise first refusal rights for a 15% stake in Dorad, following a transaction valuing Dorad at NIS 2.8B.
Ellomay Capital (NYSE American; TASE: ELLO) has reported the publication of Dorad Energy 's financial statements for 2024, where Ellomay holds an indirect 9.4% stake through its 50% ownership of Ellomay Luzon Energy.
Key financial highlights for Dorad in 2024 include:
- Revenues of approximately NIS 2,863.8 million
- Operating profit of approximately NIS 620.3 million
- Received approximately $130 million from an arbitration ruling, increasing net profit by NIS 215.6 million after taxes
Dorad's demand patterns are seasonal, with higher electricity consumption during winter and summer. The company noted that while the October 7, 2023 war situation in Israel has impacted operations, short-term business effects are expected to be immaterial, though medium and long-term impacts remain uncertain.
Ellomay Capital (NYSE American; TASE: ELLO) has secured project financing agreements for its 198 MW Italian Solar Portfolio through its subsidiary Ellomay Holdings Luxembourg Sarl. The portfolio consists of 38 MW of operational solar facilities and 160 MW of ready-to-build projects.
The financing package, provided by a European institutional investor, amounts to €110 million and will be issued as senior secured notes in multiple tranches during the construction phase. The notes, maturing on December 31, 2047, carry a 4.50% annual interest rate with semi-annual payments. Financial closing is expected in the coming weeks.
Ellomay Capital (NYSE American; TASE: ELLO), a renewable energy and power generator and developer of renewable energy projects in Europe, Israel and the USA, held an extraordinary general meeting (EGM) on January 30, 2025. At the meeting, shareholders approved the terms of service and compensation for Mr. Ben Sheizaf, the Company's Chairman of the Board. The meeting's details were previously outlined in the Company's Notice and Proxy Statement filed on Form 6-K with the Securities and Exchange Commission on December 23, 2024.
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