The Facility Agreement was executed among Ellomay PV Two S.r.l, Ellomay PV Seven S.r.l., Pedale S.r.l., Soleco S.r.l and Tecnoenergy S.r.l and Mediocredito Italiano S.p.A and Intesa Sanpaolo S.p.A. The euro 35.9 million principal amount is divided into: (i) five term loan facilities, one for each Subsidiary, which are to be used to refinance the existing financing of the Subsidiaries and for general purposes of the Subsidiaries, in the aggregate amount of euro 33.7 million with terms ending in May 2028, and (ii) five revolving facilities, one for each Subsidiary, aimed to cover financial needs for the debt service coverage in case of Subsidiaries liquidity shortfall, in the aggregate amount of euro 2.2 million with terms ending in November 2027.

Read more: Ellomay Capital Ltd. announces entry into a...

The bidding for China’s 2017 Application Top Runner Program (3rd phase) has come to an end. According to the analysis of EnergyTrend, a division of TrendForce, mono-Si products take considerable share in all the projects, while the share of bifacial products also exceeds 50%. The bid winning projects are expected to lead the technological development of solar PV industry and to drive the market demand.

Read more: Bid Winners of China’s Top Runner Program Have...

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