Ellomay Capital - 500 Beiträge pro Seite

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irgendwie finden sich immer neue Bestandshalter:

Ellomay is an Israeli public company whose shares are listed on the NYSE MKT stock exchange and on the Tel Aviv Stock Exchange, which focuses its business in the energy and infrastructure sectors worldwide and is chaired by Mr. Shlomo Nehama, former Chairman of Bank Hapoalim, and controlled by Mr. Nehama and Kanir Joint Investments (2005) Limited Partnership, which is controlled by Mr. Ran Fridrich and Mr. Hemi Raphael.

Ellomay's main assets include

* twelve photovoltaic plants in Italy with an aggregate nominal capacity of approximately 22.6 MWp (six in the Puglia Region, four in the Marche Region and two in the Veneto Region),

* 85% ownership of a photovoltaic plant in Spain with a nominal capacity of approximately 2.3 MWp, and

* 7.5% indirect holdings in Dorad (with an option to increase such holdings to 9.375%), Israel's largest private power plant to date, which is operational and connected to the grid with capacity of approximately 800MW (representing approximately 6% of Israel's current electricity capacity).

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6k von vorgestern:

Ellomay Capital Ltd. (the “Company”) hereby announces that it is exploring the possibility of raising funds through the offering of a new series of unsecured, non-convertible debentures in aggregate principal amount of approximately NIS 220 million (approximately $60 million) to the public in Israel.

The net proceeds from the proposed offering are expected to be used for investments in new projects.
The execution of such possible public offering, its terms, scope and timing, are subject to approval by the Company's board of directors, the receipt of regulatory approvals, including the approval of the Israel Securities Authority and the approval of the Tel Aviv Stock Exchange for the listing of the debentures for trading, and other factors, such as market conditions.

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wenig passiert seitdem

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Ellomay Capital Announces the Successful Closing of a Transaction in the Israeli Photovoltaic Market

Completes the Purchase of a PV Plant with Aggregate Capacity of 9MWp, Increases its PV capacity to 39.5 MWp


TEL-AVIV, Israel, October 18, 2017 /PRNewswire/ --

Ellomay Capital Ltd. (NYSE MKT; TASE: ELLO) ("Ellomay" or the "Company") announced the successful closing of the purchase of 100% of the equity of an Israeli company that owns (through its subsidiaries, as set forth below) a photovoltaic site with fixed technology and a nominal capacity of approximately 9 MWp in Talmei Yosef, Israel (the "Talmei Yosef Project") from Solegreen Ltd. (TASE: SLGN) (the "Seller") (the "Transaction").

The Talmei Yosef Project is owned by an Israeli company (Sun Team Talmei Yosef Ltd.), which is wholly-owned by another Israeli company (Sun Team Ltd.), which, in turn, is wholly-owned by another Israeli company (Sun Team Group Ltd.) (altogether: "Talmei Yosef Entities"). The Company acquired 100% of the equity of Sun Team Group Ltd., in consideration for an aggregate amount of NIS 48.6 million (approximately $13.8 million), out of which NIS 1 million (approximately $0.3 million) was deposited in an escrow account until final adjustments (if required) of the consideration pursuant to the reviewed quarterly financial statements of Talmei Yosef Entities dated September 30, 2017. Sun Team Group Ltd. had, prior to the transaction, approximately NIS 9.6 million (approximately $2.7 million) in cash, so the net purchase price in the Transaction is NIS 39 million (approximately $11 million).

The Talmei Yosef Project holds a permanent electricity production license for a period of 20 years commencing November 11, 2013. The tariff currently applicable to the Talmei Yosef Project is NIS 0.9857 (approximately $0.278) per kWh. In April 5, 2012, the Israeli project company entered into a long-term (20 years commencing November 11, 2013) standard power purchase agreement with the Israeli Electric Company (the "IEC"), to which it provides all of the energy produced by the Talmei Yosef Project. The electricity tariff paid by the IEC is guaranteed for a period of 20 years commencing November 11, 2013 and is updated once a year based on changes to the Israeli Consumer Price Index. It is expected that the annual payments received from the IEC in connection with the Talmei Yosef Project will be approximately NIS 16 million (approximately $4.5 million).

The Talmei Yosef Project is approximately 70% financed by an Israeli consortium led by Israel Discount Bank.

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Antwort auf Beitrag Nr.: 56.057.855 von R-BgO am 30.10.17 12:03:32

Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2017

TEL AVIV, Israel, March 29, 2018 /PRNewswire/ --

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 three and twelve month periods ended December 31, 2017.

Change in Presentation Currency

Effective December 31, 2017, the Company changed its presentation currency from the United States dollar to the euro. The Company ceased using the U.S. dollar as its presentation currency to assist investors to evaluate its financial results as the Company's functional currency is the euro and a substantial portion of its assets, revenues and liabilities is denominated in euro. Furthermore, the change is expected to reduce the impact of the volatility of the euro/USD exchange rate on the Company's operating results. The consolidated financial results for all prior years presented have been translated into euro.

Due to the change in presentation currency and the cancellation of the translation adjustments reserve, the Company's equity as of December 31, 2017 reflects a one-time decrease in the aggregate amount of approximately €6.8 million. This decrease is comprised of amounts that would have been included in the translation adjustments reserve prior to the change in presentation currency as follows: (i) finance expenses in the amount of approximately €3.2 million recorded in connection with euro/ US$ forward contracts previously executed by the Company in order to reduce the effect of the euro/ US$ exchange rate fluctuations on its results, a significant portion of which were closed following the change in presentation currency, and (ii) foreign currency euro/ US$ translation adjustments in the amount of approximately €3.6 million recorded in connection with the Company's cash reserves and marketable securities, that were held in US$ and majority of which were converted into euro following the change of presentation currency.


Financial Highlights

Revenues were approximately €13.6 million for the year ended December 31, 2017, compared to approximately €11.6 million for the year ended December 31, 2016, representing an increase of 17%. The increase in revenues is mainly a result of higher electricity spot rates and higher radiation levels in Italy and Spain during the year ended December 31, 2017 compared to the year ended December 31, 2016, as 2016 was characterized by low levels of radiation. In addition, the revenues for 2017 reflect the commencement of operations of a waste-to-energy project in the Netherlands and the results of the Talmei Yosef project since the acquisition date (i.e., the beginning of the fourth quarter of 2017).
Operating expenses were approximately €2.5 million for the year ended December 31, 2017, compared to approximately €2.1 million for the year ended December 31, 2016. The increase in operating expenses is mainly attributable to an insurance indemnification received in 2016 that partially offset operating expenses for that year and to additional operating expenses resulting from the commencement of operations of a waste-to-energy project in the Netherlands and from the acquisition of the Talmei Yosef project. Depreciation expenses were approximately €4.5 million for the year ended December 31, 2017, compared to approximately €4.4 million for the year ended December 31, 2016.

Project development costs were approximately €2.7 million for the year ended December 31, 2017, compared to approximately €2.2 million for the year ended December 31, 2016. The increase in project development expenses is mainly attributable to consultancy expenses in connection with the acquisition of the Talmei Yosef project in October 2017 and expenses in connection with the Talasol project.

General and administrative expenses were approximately €2.4 million for the year ended December 31, 2017, compared to approximately €2 million for the year ended December 31, 2016. The increase in general and administrative expenses resulted mainly from adjustments in 2016 made in connection with dissolutions of non-operating subsidiaries that reduced 2016 general and administrative expenses and from increased expenses in 2017 resulting from the commencement of operations of a waste-to-energy project in the Netherlands and the acquisition of the Talmei Yosef project.

Share of profits of equity accounted investee, after elimination of intercompany transactions, was approximately €1.5 million in the year ended December 31, 2017, compared to approximately €1.4 million in the year ended December 31, 2016. The increase in the Company's share of profit of equity accounted investee is mainly attributable to an increase in sales of electricity to Dorad's customers, resulting in an increase in operating profit, partially offset by legal expenses incurred by U. Dori Energy Infrastructures Ltd., in which the Company holds 50%, in connection with legal proceedings in which Dorad's shareholders are involved.

Operating profit was approximately €3 million for the year ended December 31, 2017, compared to approximately €2.4 million for the year ended December 31, 2016, representing an increase of 25%.

Financing expenses, net was approximately €9.2 million for the year ended December 31, 2017, compared to approximately €2.4 million for the year ended December 31, 2016. The increase in financing expenses was mainly due to:
(i) the reevaluation of the Company's euro/ US$ forward transactions and marketable securities in the aggregate loss amount of approximately €3.2 million for the year ended December 31, 2017, compared to a profit of approximately €0.6 million for the year ended December 31, 2016, and
(ii) expenses in connection with exchange rate differences amounting to approximately €3.6 million in the year ended December 31, 2017, mainly in connection with US dollar denominated cash and marketable securities, resulting from exchange rate differences caused by the 14% revaluation of the euro against the US$ during 2017, compared to approximately €0.1 million for the year ended December 31, 2016. Following the change of presentation currency, the Company converted the majority of its cash and marketable securities from US dollar to euro.

Taxes on income were approximately €0.4 million in the year ended December 31, 2017, compared to approximately €0.6 million in the year ended December 31, 2016. This decrease in taxes on income compared to the corresponding period in 2016 resulted mainly from the adjustment of a provision in connection with estimated tax liabilities, partially offset by expenses resulting from the decrease of loss carry forwards for several of the Company's Italian subsidiaries following a tax inspection.

Loss for the year was approximately €6.6 million in the year ended December 31, 2017, compared to approximately €0.6 million for the year ended December 31, 2016.

Total other comprehensive loss was approximately €0.2 million for the year ended December 31, 2017, compared to a profit of approximately €0.7 million in the year ended December 31, 2016. The change was mainly due to changes in fair value of cash flow hedges and from foreign currency translation differences on New Israeli Shekel denominated operations, as a result of fluctuations in the euro/NIS exchange rates.

Total comprehensive loss was approximately €6.9 million in the year ended December 31, 2017, compared to total comprehensive loss of approximately €0.06 million in the year ended December 31, 2016.

Total equity was approximately €77.5 million as of December 31, 2017, compared to approximately €84.4 million as of December 31, 2016. The decrease in total equity was mainly due to increased financing expenses as a result of the reevaluation of the Company's euro/ US$ forward transactions and increased expenses resulting from exchange rate differences.

EBITDA was approximately €7.5 million for the year ended December 31, 2017, compared to approximately €6.8 million for the year ended December 31, 2016. The increase in EBITDA is mainly due to increased revenues and an increase in gross and operating margin.

Net cash from operating activities was approximately €2.3 million for the year ended December 31, 2017, compared to approximately €7.3 million for the year ended December 31, 2016. The decrease in net cash from operating activities is mainly attributable to interest payment received during 2016 on a loan to an equity accounted investee.

On October 18, 2017, the Company completed the purchase of the Talmei Yosef project. Therefore, the results of the Talmei Yosef project are only partially included in the results for the twelve month periods ended December 31, 2017.

As of March 1, 2018, the Company held approximately €25.3 million in cash and cash equivalents, approximately €2.2 million in marketable securities and approximately €6.8 million in restricted short-term and long-term cash and marketable securities.

Estimated 2018 CF projection from projects are:

Consideration for sale of electricity and gas of €21.9 million.

Total 2018 estimated net cash flow from projects (including Dorad) of €11.8 million.

For more information concerning the Company's cash flow projections see the Company's Immediate Report on Form 6-K furnished to the Securities and Exchange Commission on November 1, 2017.

Ran Fridrich, CEO and a board member of Ellomay commented: "Ellomay continues improving the performance of its portfolio of operating projects, presenting a 17% increase in revenues, a 25% increase in operating profit compared to 2016 and a strong cash flow from operations. 2017 was characterized by intensive project development activities, including the Talasol project in Spain, the bio-gas projects in the Netherlands, the successful acquisition of the Talmei Yosef photovoltaic project in Israel and the continuing development of the Manara pumped storage project in its new 156 MW configuration." Mr. Fridrich continued: "The Company decided to change its presentation currency from the US$ to euro as the majority of the Company's projects are in Europe and the remainder is in Israel, this change will assist in simplifying the understanding of the Company's financial situation."

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Ellomay Capital sells 49% of holdings in Talasol Solar, 300MW Spanish PV project

https://www.pv-tech.org/news/ellomay-capital-sells-49-of-hol…

By Conor Ryan Apr 17, 2019

Ellomay Capital’s wholly-owned subsidiary, Ellomay Luxembourg Holdings, will sell 49% of the outstanding shares of Talasol Solar to GSE 3 UK Limited and Fond-ICO Infraestructuras II.

GSE 3 UK Limited and Fond-ICO Infraestructuras II will pay US$18.1 million for the 49% of Talasol's shares and 49% of the shareholder development loans funding the development budget.

Talasol is promoting the construction of a 300MW PV project located in the municipality of Talaván, in Extramadura, Spain.

Ran Fridrich, CEO and a board member of Ellomay, said: “The entry of partners to Talasol, which is expected to be one of the largest photovoltaic projects in Europe, will mark the final milestone for financial closing and commencement of construction of the project, which will take place right after. The transaction enables us to create an optimal ownership structure that includes entities with advantages both on the local level and on the financial level, alongside the continued control of the project by Ellomay."

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heute @Amex gekauft zu $9,24

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Ellomay Capital Ltd. Announces a Proposed Private Placement of Ordinary Shares to Israeli Classified Investors

TEL AVIV, Israel, July 2, 2019 /PRNewswire/ --

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 announced that it has received and accepted, following the approval of the Company's Board of Directors, commitments from several Israeli classified investors to buy 800,000 ordinary shares of the Company in a private placement (the "Private Placement").

The price per share in the Private Placement was set at NIS 39.20 (approximately $11) and the gross proceeds to the Company are expected to be approximately NIS 31.3 million. The Company intends to use the net proceeds from this offering for general corporate purposes.

The closing of the Private Placement is subject to the receipt of regulatory approvals, which are expected to be obtained during July 2019.