AcquisitionsJul 28, 2026, 04:11 PM
Ellomay Acquires 51.75 MW / 207 MWh Battery Storage Project in Italy
AI Summary
Ellomay Capital Ltd. announced that its Luxembourg subsidiary, Ellomay Luxembourg Holdings S.à r.l., signed an agreement to acquire 100% of a project company. This company holds a ready-to-build 51.75 MW / 207 MWh battery energy storage system (BESS) located in northern Italy. This acquisition marks Ellomay's strategic entry into the Italian electricity storage market, which the company views as a core growth engine. The completion of the acquisition is contingent upon the satisfaction of several conditions precedent by the end of 2027.
Key Highlights
- Ellomay Luxembourg Holdings S.à r.l. signed an agreement to acquire 100% of a project company.
- The project company holds a ready-to-build 51.75 MW / 207 MWh battery energy storage system (BESS).
- The BESS project is located in northern Italy, marking Ellomay's entry into the Italian electricity storage market.
- Completion of the acquisition is subject to conditions precedent, with a deadline set for the end of 2027.
- Battery storage is identified as a core growth engine for Ellomay, focusing on Spain and Italy.
- Ellomay currently has 51% of approximately 38 MW of operating solar power plants in Italy and 160 MW under construction.
Price Impact
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