Ellomay Capital Secures FER X Tender for 20 MW Solar Project in Northern Italy

Ellomay Capital Ltd., an Israel-based renewable energy developer listed on the NYSE American and Tel Aviv Stock Exchange, has secured a tariff award under Italy’s Transitional FER X “NZIA” national tender for a 20 MW ready-to-build solar power project in the Piemonte region.

The company announced that its wholly owned Italian subsidiary, Ellomay Solar Italy Fourteen S.r.l., was awarded support for 80% of the capacity of the “Ellomay 14” solar project, which will use non-Chinese components in line with tender requirements. The project is expected to generate approximately 32,200 MWh of electricity annually.

Under the tender terms, Ellomay 14 will receive a fixed operating price of €68 per MWh, supplemented by a €10 per MWh regional incentive, bringing the total supported tariff to €78 per MWh. The award includes a 20-year two-way Contract for Difference (CfD), providing long-term revenue visibility for the supported capacity, while the remaining 20% of generation will be sold on a merchant basis, allowing exposure to market price movements.

The tariff will be fully indexed to the Italian Consumer Price Index (CPI) from the tender publication date in September 2025 until the project’s commercial operation date. Following commissioning, 20% of the tariff will remain CPI-indexed. The project will also be eligible for Guarantees of Origin, which are expected to be tradable. Ellomay estimates total revenues of approximately €55 million over the 20-year support period.

This marks Ellomay’s second recent success under the FER X framework, following a tariff award for its 79.5 MWp Ellomay 11 solar project in Italy’s Friuli-Venezia Giulia region. The latest award builds on the company’s earlier long-term power purchase agreement with Statkraft and further strengthens its commercial footprint in the Italian renewable energy market.

Ellomay’s Italian portfolio currently comprises 38 MW of operational solar assets, 160 MW under advanced construction expected to reach commercial operation in 2026, 210 MW of projects that have reached ready-to-build status, and an additional 53 MW anticipated to receive construction permits in the near term.

Commenting on the development, Chief Executive Officer Ran Fridrich said the tender award reflects steady progress in the company’s Italian strategy, combining long-term revenue stability with measured exposure to power market dynamics, while supporting Ellomay’s broader expansion across renewable energy and storage assets.