Ellomay and Statkraft ink long-term PPAs for three Italian solar plants
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 07 2025
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Should l Buy ELLO?
Source: SeekingAlpha
Power Purchase Agreements Secured: Ellomay Capital has signed long-term 9-year Power Purchase Agreements with Statkraft for three solar projects in Italy, covering 75% of the capacity for approximately 38 MW of operational plants.
Ownership Interest: Ellomay indirectly holds a 51% interest in the Italian project companies involved in these agreements.
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Analyst Views on ELLO
About ELLO
Ellomay Capital Ltd is an Israel-based principally active in filed of production of renewable and clean energy. The Company owns photovoltaic (PV) plants that are operating and connected to their respective national grid in Spain is Israel. In Addition Company's holds shares in Dorad Energy Ltd which operated power plant in the vicinity of Ashkelon; Groen Gas Goor BV and of Groen Gas Oude-Tonge BV, project companies developing anaerobic digestion plants with a green gas production in the Netherlands; Talasol Solar SL, which is involved in a project to construct a photovoltaic plant in Spain; Chashgal Elyon Ltd, Agira Sheuva Electra, LP and Ellomay Pumped Storage (2014) Ltd, all of which are involved in a project to construct a pumped storage hydro power plant in the Manara Cliff in Israel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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