Israel-based company Ellomay Capital has entered a share purchase agreement (SPA) through one of its subsidiaries to acquire Talasol Solar.

Under the agreement, Ellomay Capital has purchased the entire share capital of the company, which is promoting construction of a 300MW photovoltaic (PV) plant in Spain.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The solar power facility is expected to have a capital expenditure (CAPEX) of approximately $245m to $278m, including development costs and interest.

Conducted by the technical advisors of Ellomay Capital, the estimation is based on an initial study depending on the terms of the engineering, procurement, and construction (EPC) agreement that will be carried out in connection with the solar project and other factors.

Located in the municipality of Talaván in Cáceres, the project is expected to produce approximately 580GWh of renewable energy each year and generate revenues of around $27.2m annually.

See Also:

"We received good feedback on the project's location and characteristics."

Ellomay Capital's chief executive officer (CEO) and director Ran Fridrich said: “The Talasol opportunity intrigued us, and we received good feedback on the project's location and characteristics and on the expected future of the Spanish solar market from various market players, such as EPC contractors, utilities, brokers, investment banks, and commercial banks in the Spanish and European markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The high-radiation in the Spanish peninsula, the significant decline of the panel prices, and the relatively attractive finance costs are expected to allow the Spanish solar market to become an advanced grid parity market.”

As stated by Fridrich, the Talasol solar project is expected to be one of the largest PV projects across Europe and will operate based on long-term power purchase agreements (PPA) with utilities and / or electricity brokers.

The Talasol solar power facility is estimated to be construction ready within a period of ten to 15 months.