Ellomay Announces Execution of Framework Agreement for the Development of Photovoltaic Projects in an Aggregate Capacity of 250 MW in Italy
Ellomay Capital Ltd Ordinary Shares (Israel) (ELLO)
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ellomay.com
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Source: PR Newswire
TEL-AVIV, Israel, Nov. 19, 2019 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced the execution of a Framework Agreement between its wholly-owned subsidiary, Ellomay Luxemburg Holdings S.àr.l. ("Ellomay Luxemburg"), and an established and experienced European developer and contractor (the "Developer"). Pursuant to the Framework 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 202
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- ELLO's page on the SEC website