DivestmentOct 14, 2026, 04:11 PM
Ellomay Capital Sells Dorad Stake for NIS 742.5M; Boosts Storage Focus
AI Summary
Ellomay Capital Ltd. announced the sale of its 16.9% stake in Dorad Holdings for NIS 742.5 million, resulting in a pre-tax capital gain of NIS 332 million and net proceeds of NIS 560 million. These proceeds will be allocated to growth investments and strengthening the balance sheet. The company is also accelerating its expansion into energy storage (BESS) and has secured tariff awards for two projects in Italy. Construction has commenced on new solar projects in the U.S., and work on the Manara pumped storage project in Israel is progressing. Projected consolidated EBITDA for 2026 is €162 million, significantly boosted by the Dorad sale.
Key Highlights
- Ellomay Capital sold a 16.9% stake in Dorad Holdings for NIS 742.5 million, realizing a pre-tax capital gain of NIS 332 million.
- Net proceeds from the Dorad sale were approximately NIS 560 million, to be used for growth investments and balance sheet strengthening.
- The company is accelerating its move into energy storage (BESS), with 1.2 GWh under development and 0.6 GWh Ready to Build (RTB).
- Two projects in Italy were awarded tariffs under the FER X tender, guaranteeing a tariff for 20 years.
- Construction began on two new Solar projects in the U.S. (28MW) in June 2026.
- Work resumed at an accelerated pace on the Manara pumped storage project in Israel.
- Consolidated EBITDA is projected to increase from €46 million in 2025 to €162 million in 2026, including €100 million from the Dorad sale.
- Consolidated Revenues are projected to increase from €35 million in 2025 to €131 million in 2026.
Price Impact
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