CashNews.co
Ellomay (IT) has released an update.
Ellomay Capital Ltd. has reached a significant step forward in securing project finance for its 198 MW Solar Portfolio in Italy, with a commitment letter from a European institutional investor for up to €110 million. The funds are intended to support construction and related costs, with terms including a 23-year repayment period after financial closing. However, the finalization of this financing is dependent on detailed documentation and satisfactory due diligence, with no guarantees of completion.
For further insights into ELLO stock, check out TipRanks’ Stock Analysis page.