Ellomay Capital executes agreements for EPC of first photovoltaic projects

Ellomay Capital announced that it reached a significant milestone in its strategic business plan. The Company successfully executed agreements for the engineering, procurement and construction, or EPC, of its first photovoltaic projects in the State of Texas, USA, which provide for the construction of the Fairfield project and the Malakoff project in the vicinity of Dallas. The execution of these agreements marks a significant step in the advancement of the Company’s photovoltaic portfolio in Texas, USA. The selected EPC contractor is renowned for its engineering expertise and high-quality construction of photovoltaic plants across the United States and the construction of these projects is expected to be completed within six months. The Company also entered into agreements to procure solar modules from one of the top five, tier 1, manufacturers for the Fairfield and Malakoff projects and for additional US PV projects under development.