Astris Finance is happy to announce the closing of the Talasol transaction, the sale of an equity interest in a 300 MWp Solar PV project in Southern Spain. Ellomay’s wholly-owned subsidiary, Ellomay Luxembourg Holdings, S.à.r.l., sold 49% of the outstanding shares of Talasol Solar, S.L.U. (the "Project Company"), to GSE 3 UK Limited and Fond-ICO Infraestructuras II, FICC. Astris’ office in Madrid has worked for the past nine months to close this sale.

This Project Company is promoting the construction of a photovoltaic plant with a peak capacity of 300MW in the municipality of Talaván, in Extramadura Spain (the "Talasol Project").

The Talasol Project is one of the first PV projects in Spain to secure a PPA. Ran Fridrich, CEO and a board member of Ellomay, commented: "The entry of partners to Talasol, which is expected to be one of the largest photovoltaic projects in Europe, will mark the final milestone for financial closing and commencement of construction of the project, which will take place right after. The transaction enables us to create an optimal ownership structure that includes entities with advantages both on the local level and on the financial level, alongside the continued control of the project by Ellomay."

Ellomay Capital Ltd., an Israeli based public company, is a renewable energy and power generator, and developer of renewable energy and power projects in Europe and Israel.

Astris services as sole financial advisor for this transaction.