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April 5, 2012 /PRNewswire/ --
Ellomay Capital Ltd. (
NYSE Amex: ELLO) ("
Ellomay" or the "
Company"), today announced the filing of its Annual Report on Form 20-F for the year ended
December 31, 2011 with the Securities and Exchange Commission ("SEC"). A copy of the Annual Report on Form 20-F is available to be viewed and downloaded from the Investor Relations section of Ellomay's website at
http://www.ellomay.com. The Company will provide a hard copy of the Annual Report on Form 20-F, including the Company's complete audited financial statements, free of charge to its shareholders upon request.
As part of Ellomay's energy and infrastructure focused business strategy Ellomay has enlarged its portfolio of renewable and clean energy investments since the beginning of 2011. Ellomay's current business structure is as detailed below:
RenewableEnergy: 100% ownership of 10 photovoltaic ("PV") plants located in central and southern
Italy annually producing ~11 MW electricity and an 85% ownership in a PV plant in
Spain purchased in
March 2012 from Conergy España, S.L.U, with a total nominal output of 1.89 MW, and a peak power output of 2.275 MWp.
Clean Energy: indirect holdings of 7.5% of the equity of Dorad Energy Ltd., a private Israeli company that is constructing the Dorad combined cycle power plant based on natural gas, with a production capacity of approximately 800 MW. The Dorad power plant is currently under construction and is expected to commence operations in September-
October 2013. The Dorad power plant will be a bi-fuel plant, using natural gas as the main fuel, and diesel oil in the event of an emergency.
Oil and Gas Explorations: holdings of 20% of the participating interests in the Yitzchak oil and gas exploration and drilling license in the Mediterranean sea. The Yitzchak license covers a total area of approximately 127.7 square kilometers (or 31,555 acres) and is in relatively shallow water with depths between 60 and 250 meters.
Ellomay's current plan of operation is to operate in the Italian and Spanish PV field and to manage its investments in the Israeli market and, with respect to the remaining funds Ellomay holds, to identify and evaluate additional suitable business opportunities in the energy and infrastructure fields, including in the renewable energy field, through the direct or indirect investment in energy manufacturing plants, the acquisition of all or part of an existing business, pursuing business combinations or otherwise.