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Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2020 USA - English Share this article Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ( Ellomay or the Company ), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today reported its unaudited financial results for the fourth quarter and year ended December 31, 2020. Financial Highlights Revenues were approximately €9.6 million for the year ended December 31, 2020, compared to approximately €19 million for the year ended December 31, 2019. The decrease is mainly due to the sale of the Company s Italian PV portfolio (the Italian PV Portfolio ) in December 2019. 2020 revenues were also impacted by the decrease in demand and prices of the European electricity markets due to the Covid-19 pandemic, partially offset by an increase in revenues in one of the Company s biogas plants in the Nether ....
Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2020 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Ellomay Capital Ltd. (NYSE American; TASE: ELLO) ( Ellomay or the Company ), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced all conditions precedent were met under the conditional license issued to the pumped storage hydro project to be constructed in the Manara Cliff, Israel (the Manara Project ). The Company indirectly owns 83.333% of Ellomay Pumped Storage (2014) Ltd. (the SPC ), which owns the Manara Project. The Manara Project is projected to cost approximately NIS 1.53 billion (approximately $472 million). Amongst the conditions fulfilled is the financial closing of the long-term project finance facilities for the Manara Project (the ....