Ellomay Capital (ELLO) said Sunday its Luxembourg subsidiary has procured up to 110 million euros ($114.3 million) in financing from a European institutional investor.
The financing is for three Italian solar power projects with a total capacity of 38 megawatts and other projects with a total capacity of about 160 megawatts.
The financing will be provided using 4.50% senior secured notes due 2047 issued in multiple tranches, the company said. The financing is expected to close in the coming weeks.
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