ELLO
- Ellomay Capital Ltd.
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Overview
Company Summary
Ellomay Capital Ltd. is an international renewable energy and power generator company. They are primarily engaged in the acquisition, development, and operation of energy projects across Europe and Israel.
Ellomay focuses on green energy sources such as solar, wind, and biomass. They invest in and develop projects that generate electricity from these renewable sources, aiming to contribute to the sustainable transition and reducing reliance on traditional fossil fuels.
The company's business model revolves around identifying attractive energy projects, securing permits, financing, construction, and ultimately operating the facilities. Once the projects are operational, Ellomay generates revenue by selling the produced energy to utilities and power purchasers through long-term agreements.
Additionally, Ellomay actively seeks opportunities to acquire existing renewable energy projects or portfolios, which align with their strategic goals. They aim to expand their footprint in various countries, leveraging their expertise and knowledge of local markets to ensure successful development and operation.
Through their renewable energy projects, Ellomay not only contributes to the reduction of greenhouse gas emissions but also benefits from various governmental support schemes and incentives offered to the renewable energy sector. These incentives include feed-in tariffs, certificates, and tax benefits, which enhance the financial viability of their projects.
Overall, Ellomay Capital Ltd. focuses on developing and operating renewable energy projects with a goal to generate clean energy, reduce carbon footprint, and contribute to the global transition towards a more sustainable future.