Spain (28 MW)
Ellomay is promoting a PV plant with a peak capacity of 28 MW in a plot adjacent to the land on which the Talasol Project is constructed. Ellomay received a grid connection permit and executed a land lease agreement. The plant is expected to become operational during 2021.
Framework Agreements for Development of PV Projects in Italy (550 MW)
First Framework Agreement
In November 2019, Ellomay executed a Framework Agreement with an established and experienced European developer and contractor. Pursuant to this 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.
Second Framework Agreement
In December, 2019, Ellomay executed an additional Framework Agreement with an established and experienced European developer. Pursuant to the additional Framework Agreement, the developer will provide Ellomay with development services with respect to photovoltaic greenfield projects in Italy in the scope of 350 MW with the aim of reaching an aggregate “ready to build” authorized capacity of at least 265 MW over a forty-one month period.
In addition to the 265 MW mentioned above, Ellomay Luxembourg has the option to purchase approximately 37 MW that are already under development by the developer, 30 MW of which have already received the approval for connection to the Italian electricity grid.
There can be no assurance as to the aggregate capacity of projects that will reach the “ready to build” status, and as to our decision and success in completing construction of any of such projects.