Israel-based Ellomay Capital Ltd. has entered into engineering, procurement and construction (EPC) contracts with an Italy-based contractor for the design, supply, construction, assembly and commissioning of two photovoltaic plants of approximately 750 kW each.
The projects will be located in the Marche region of Italy and are expected to have an aggregate cost of approximately 4.5 million euros. Additional ancillary expenses are expected to amount to approximately 200,000 euros.
The EPC project requires the contractor to procure delivery of two fully operational photovoltaic plants, including the connection of the solar power plants to the Italian national grid, in order to sell the produced power to the Italian national energy handler.
SOURCE: Ellomay Capital Ltd.