1. Ellomay secured a 20-year CfD for solar project in Italy. 2. Awarded €78/MWh tariff, enhancing revenue predictability for Ellomay 14. 3. Project expected to generate total revenues of approximately €55 million. 4. Ellomay 14 strengthens the company's Italian market presence alongside other projects. 5. CEO emphasizes focus on long-term value and exposure to market dynamics.
FAQ
Why Bullish?
The secured long-term contract and predictable revenue stream may stabilize and boost ELLO’s market perception, similar to how successful energy project launches positively affected other renewable companies' stocks.
How important is it?
The awarded tariff and significant revenue expectations indicate a robust commercial foundation for ELLO, vital for investor confidence and stock price stability.
Why Long Term?
The 20-year contract ensures sustained revenue flow, aligning with ELLO's long-term growth strategy, similar to other renewable energy firms that have thrived post-contract success.
Ellomay Capital Secures Tender for 20 MW Solar Project in Italy
On December 12, 2025, Ellomay Capital Ltd. (NYSE American; TASE: ELLO), a leading renewable energy developer, announced the successful award of a tariff for its solar project, Ellomay 14, as part of Italy's Transitional FER X “NZIA” national competitive tender. This significant achievement underscores Ellomay’s expanding role in the renewable energy sector within Europe, particularly in Italy.
Key Details of the FER X “NZIA” Award
Ellomay Solar Italy Fourteen S.r.l., a fully-owned subsidiary of Ellomay, has been granted support for 80% of the capacity of its 20 MWp solar project located in the Piemonte Region. The project is anticipated to generate approximately 32,200 MWh annually.
- Operating fixed price of €68/MWh
- Additional regional supplement of €10/MWh
- Total supported price of €78/MWh
This procurement involves a two-way Contract for Difference (“CfD”) for a duration of 20 years, ensuring long-term price stability for the majority of the project’s production. The remaining 20% will be sold at market rates, allowing for potential upside in revenues.
Financial Implications and Revenue Outlook
The awarded tender is indexed to the Italian Consumer Price Index (CPI), providing additional financial resilience. Ellomay estimates the total revenue from the Ellomay 14 project to be approximately €55 million over the period of the contract.
The recent tender award marks Ellomay's second successful result under the FER X framework, enhancing its strategy of establishing a diversified and structured presence in the Italian renewable energy market.
Expanded Portfolio and Future Plans
As part of its commitment to renewable energy, Ellomay’s Italian portfolio now includes:
- 38 MW operational projects with a 9-year power purchase agreement (PPA) with Statkraft.
- 160 MW under construction expected to reach commercial operation in 2026.
- 210 MW at Ready-to-Build status.
- 53 MW awaiting construction permits.
Ran Fridrich, CEO of Ellomay, expressed, “The award secured for Ellomay 14 in the FER X 'NZIA' tender highlights our steady progression in Italy... Our focus remains on developing projects that offer stable, long-term value.”
About Ellomay Capital Ltd.
Headquartered in Israel, Ellomay Capital Ltd. specializes in renewable energy and power generation with a robust portfolio across Europe, the USA, and Israel. Since its establishment in 2009, Ellomay has invested significantly in renewable energy projects, contributing to sustainable energy solutions.
For more information about Ellomay and its initiatives, visit ellomay.com.
Forward-Looking Statements
This announcement may contain forward-looking statements, which involve risks and uncertainties, reflecting the company’s current expectations and assumptions. Potential investors should be aware that actual results may differ materially due to various factors, including regulatory changes, market conditions, and other business influences.