Ellomay Capital Announces Execution of An Agreement for the Sale of Tax Credits of Texas Solar Projects [Yahoo! Finance]
Ellomay Capital Ltd Ordinary Shares (Israel) (ELLO)
NASDAQ:AMEX Investor Relations:
ellomay.com
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Source: Yahoo! Finance
American; TASE: ELLO) (“Ellomay” or the “Company”) , a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, today announced a key achievement in its U.S. strategic growth plan. The Company has successfully entered into an agreement for the sale and transfer of Investment Tax Credits (ITCs) linked to its Fairfield (13.4 MW), Malakoff (13.92 MW), Mexia (11.1 MW), and Talco (10.5 MW) solar projects, all located in the State of Texas, USA. The agreement was executed with a reputable financial institution, with vast experience in executing tax credit transactions. Through this transaction, the Company expects to receive approximately $19 million from the sale of Investment Tax Credits, representing approximately 32% of the expected total portfolio costs. The sale is facilitated under the Inflation Reduction Act's new transferability provisions, allowing Ellomay to retain 100% of the operating profits from these projects.
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News
- Ellomay Capital Announces Execution of An Agreement for the Sale of Tax Credits of Texas Solar ProjectsGlobeNewswire
- Ellomay Capital Announces Achievement of an Important Milestone towards the Project Finance of its 198 MW Solar Portfolio in ItalyGlobeNewswire
- Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three and Six Months Ended June 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three and Six Months Ended June 30, 2024GlobeNewswire
ELLO
Sec Filings
- 11/18/24 - Form 6-K
- 11/14/24 - Form SC
- 10/30/24 - Form 6-K
- ELLO's page on the SEC website