Ellomay Capital Shares Shareholder Meeting Outcomes

Ellomay Capital Shares Shareholder Meeting Outcomes

Ellomay Capital Ltd. (NYSE: ELLO), a prominent player in the renewable energy sector, recently held an extraordinary general meeting (EGM) for its shareholders. During this meeting, one of the significant outcomes was the approval of the terms of service and compensation for Mr. Ben Sheizaf, the Company’s Chairman of the Board. This decision aligns with the company’s mission to enhance its leadership and strategic direction in the rapidly evolving energy market.

Insights into Ellomay Capital

Based in Israel, Ellomay Capital is engaged in the development and generation of renewable energy projects. The company’s shares are publicly traded on the NYSE American and the Tel Aviv Stock Exchange under the ticker ELLO. Since its establishment in 2009, Ellomay has committed itself to sustainable energy and power initiatives across Europe, Israel, and the USA. Its diverse portfolio underscores the company’s dedication to advancing renewable energy solutions.

Investment Achievements

Over the years, Ellomay has explored multiple investment avenues, showcasing its commitment to clean energy. The company has funneled substantial resources into various renewable energy ventures across different regions, successfully setting a benchmark in the industry. Here are some of the remarkable achievements to date:

Solar Energy Developments in Europe

Ellomay Capital has amassed a significant presence in the solar energy landscape. With approximately 353.9 MW of operating solar power plants in Spain, which includes a notable 300 MW solar plant managed by Talasol, a company partially owned by Ellomay, it stands as a leader in solar initiatives. Additionally, the company operates about 38 MW of solar power plants in Italy, laying an impressive foundation for future expansion in solar technologies.

Strategic Partnerships and Projects

In Israel, Ellomay holds a 9.375% indirect interest in Dorad Energy Ltd., which operates one of the country's largest private power plants. This facility boasts a production capacity of roughly 850 MW, fulfilling around 6%-8% of Israel's total electricity demand. Moreover, Ellomay collaborates with various projects in the Netherlands, such as Groen Gas Goor B.V. and Groen Gas Gelderland B.V., which focus on anaerobic digestion plants aimed at producing green gas.

Upcoming Renewable Energy Projects

Ellomay is currently engaged in multiple significant projects. One notable advancement is the planned construction of a 156 MW pumped storage hydro power plant at the Manara Cliff in Israel. The company also has several solar projects in Italy that have reached a 'ready to build' status, with an aggregate capacity of 195 MW. Additionally, in the Dallas Metropolitan area, Texas, Ellomay is developing solar projects totaling 49 MW that are presently under construction. These projects highlight Ellomay's commitment to scaling up renewable energy production in North America.

Company Contact Information

For any inquiries or detailed information regarding Ellomay Capital, please reach out as follows:

Kalia Rubenbach (Weintraub)
CFO
Tel: +972 (3) 797-1111
Email: hilai@ellomay.com

Frequently Asked Questions

What decisions were made during Ellomay Capital's EGM?

At the EGM, shareholder approved the terms of service and compensation for Mr. Ben Sheizaf, the Chairman of the Board.

What type of projects does Ellomay Capital engage in?

Ellomay Capital engages in renewable energy projects, including solar energy and anaerobic digestion plant developments.

What is the current capacity of Ellomay's solar projects?

Ellomay operates approximately 353.9 MW of solar power plants in Spain and an additional 38 MW in Italy.

Where is Ellomay Capital headquartered?

Ellomay Capital is headquartered in Israel and operates across various regions, including Europe and the USA.

How can I contact Ellomay Capital?

You can contact Ellomay Capital via email at hilai@ellomay.com or by phone at +972 (3) 797-1111.

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