Ellomay Capital Secures FER X Tender Award for 79.5 MW Italian Solar Project, Completes First Withdrawal Under Project Finance for 198 MW Solar Portfolio

Ellomay Capital has been awarded a tariff in Italy's Transitional FER X national competitive tender, securing 75% of the capacity of its Ready-to-Build solar project "Ellomay 11". The tariff is an operating fixed price of €67.7/MWh, with a 20-year two-way Contract for Difference providing long-term price stability. The total revenues for the project are expected to be approximately €180,000,000 over the 20-year duration.