Business UpdateJun 30, 2026, 04:17 PM
Ellomay Capital Sells Dorad Holdings, Accelerates BESS Projects
AI Summary
Ellomay Capital Ltd. announced key developments in H1 2026, including the sale of its 16.9% stake in Dorad Holdings for NIS 831 million, yielding NIS 380 million in net proceeds. This strategic divestment, reflecting an implied valuation of NIS 4.4 billion for Dorad, strengthens the company's balance sheet and allows for accelerated investment in renewable energy. Ellomay is significantly expanding its energy storage (BESS) portfolio with 700 GWh under development, alongside new solar projects in Italy and the U.S. The company forecasts consolidated EBITDA of €122 million and revenues of €155 million for 2026.
Key Highlights
- Sold 16.9% stake in Dorad Holdings for NIS 831 million total consideration.
- Received NIS 380 million net proceeds from Dorad sale after debt deduction.
- Dorad Holdings transaction completed at an implied valuation of NIS 4.4 billion.
- Developing 700 GWh of BESS projects, with 200 GWh Ready to Build.
- Awarded two projects (15 MW) in Italy's FER X tender with 20-year guaranteed tariff.
- Began construction of 30 MW new solar projects in the U.S. in June 2026.
- Forecasted consolidated EBITDA of €122 million for 2026.
- Forecasted consolidated Revenues of €155 million for 2026.
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