Dorad Power Station

Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2023

Retrieved on: 
Sunday, March 31, 2024
Shekel, Season, Tax, Agreement, Dorad Power Station, SWAP, Sale, P-50, Depreciation, Disclosure, Bank statement, RDL, Electricity, Klahim, Legislation, AMPA, Iron, Public expenditure, Good, Israeli new shekel, PPA, Zorlu, Komemiyut, Bank Mizrahi-Tefahot, Acquisition, PV, EBIDTA, Loss, D&O, Greenhouse, Government, Total, Renewable energy

•  Operating expenses were approximately €22.9 million for the year ended December 31, 2023, compared to approximately €23.7 million for the year ended December 31, 2022.

Key Points: 
  • •  Operating expenses were approximately €22.9 million for the year ended December 31, 2023, compared to approximately €23.7 million for the year ended December 31, 2022.
  • •  Project development costs were approximately €4.5 million for the year ended December 31, 2023, compared to approximately €3.8 million for the year ended December 31, 2022.
  • During 2023, the Ellomay Solar project (28 MW) produced revenues from the sale of electricity and green certificates of approximately €4 million.
  • The Company's EBITDA may not be indicative of the Company's historic operating results; nor is it meant to be predictive of potential future results.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three and Nine Month Periods Ended September 30, 2023

Retrieved on: 
Monday, December 11, 2023
NYSE, International, Bank statement, Season, WEC Energy Group, Electricity, TASE, Cryptocurrency, Dorad Power Station

Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

Key Points: 
  • Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the quarter ended September 30, 2023 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period.
  • Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Ellomay Luzon Energy or Dorad with respect to the financial results included in this press release.

Ellomay Capital Reports Results for the Three and Six Months Ended June 30, 2023

Retrieved on: 
Thursday, September 28, 2023
Shekel, Maintenance, Zorlu, Sale, Sharsheret, D&O, Electricity, Bank statement, Tax, Battery, Season, Bank Mizrahi-Tefahot, P-50, Talmei Yosef, RDL, PV, Israeli new shekel, Government, Kilowatt-hour, Public expenditure, Komemiyut, EBITDA, TASE, Depreciation, NIS, Dunam, PPA, Greenhouse, NYSE, Manara, Legislation, Klahim, Renewable energy, Cryptocurrency, Spanish, Dorad Power Station

Revenues were approximately €25.5 million for the six months ended June 30, 2023, compared to approximately €29.2 million for the six months ended June 30, 2022.

Key Points: 
  • Revenues were approximately €25.5 million for the six months ended June 30, 2023, compared to approximately €29.2 million for the six months ended June 30, 2022.
  • Operating expenses were approximately €12 million for the six months ended June 30, 2023, compared to approximately €13.1 million for the six months ended June 30, 2022.
  • General and administrative expenses were approximately €2.9 million for the six months ended June 30, 2023, compared to approximately €3.3 million for the six months ended June 30, 2022.
  • Profit for the six months ended June 30, 2023, was approximately €4.6 million, compared to a loss of approximately €0.6 million for the six months ended June 30, 2022.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three and Six Month Periods Ended June 30, 2023

Retrieved on: 
Thursday, August 24, 2023
Amos, International, Bank statement, WEC Energy Group, Electricity, Season, TEL, TASE, NYSE, Cryptocurrency, Dorad Power Station

Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

Key Points: 
  • Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the quarter ended June 30, 2023 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period.
  • Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Ellomay Luzon Energy or Dorad with respect to the financial results included in this press release.

Ellomay Capital Reports Results for the Three Months Ended March 31, 2023

Retrieved on: 
Thursday, June 29, 2023
Shekel, Sharsheret, Electricity, Tax, Battery, Bank Mizrahi-Tefahot, P-50, Talmei Yosef, AMPA, Israeli new shekel, PV, Government, Kilowatt-hour, Sale, Public expenditure, Komemiyut, EBITDA, GGB, TASE, Depreciation, NIS, Dunam, Heat, PPA, Greenhouse, Three Months, NYSE, Manara, Legislation, Renewable energy, Cryptocurrency, Video game, Spanish, Dorad Power Station, Klahim

Operating expenses were approximately €6.5 million for the three months ended March 31, 2023, compared to approximately €6 million for the three months ended March 31, 2022.

Key Points: 
  • Operating expenses were approximately €6.5 million for the three months ended March 31, 2023, compared to approximately €6 million for the three months ended March 31, 2022.
  • Depreciation expenses were approximately €4.1 million for the three months ended March 31, 2023, compared to approximately €4 million for the three months ended March 31, 2022.
  • Net profit was approximately €2.8 million for the three months ended March 31, 2023, compared to net loss of approximately €3.4 million for the three months ended March 31, 2022.
  • EBITDA was approximately €3.6 million for the three months ended March 31, 2023, compared to approximately €3.8 million for the three months ended March 31, 2022.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three Months Ended March 31, 2023

Retrieved on: 
Wednesday, May 31, 2023
Amos, International, Electricity, Bank statement, WEC Energy Group, TT, Season, Government, TEL, International Financial Reporting Standards, TASE, Criticism of the Israeli government, NYSE, Renewable energy, Dorad Power Station

TEL AVIV, Israel, May 31, 2023 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today reported the publication in Israel of financial statements for the three months ended March 31, 2023 of Dorad Energy Ltd. ("Dorad"), in which Ellomay currently indirectly holds approximately 9.4% through its indirect 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. (formerly U. Dori Energy Infrastructures Ltd.) ("Ellomay Luzon Energy").

Key Points: 
  • Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the quarter ended March 31, 2023 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period.
  • Dorad's unaudited revenues for the three months ended March 31, 2023 – approximately NIS 648.3 million.

Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2022

Retrieved on: 
Friday, March 31, 2023
Shekel, Tax, Equipment, Market access, Operation, Radiation, IAS 16, Sharsheret, Bank statement, Construction, Electricity, Bank Mizrahi-Tefahot, P-50, Income tax, Talmei Yosef, CHP, AMPA, Local Democracy, Economic Development and Construction Act 2009, Israeli new shekel, PV, Minerals Management Service, Sale, Public expenditure, Komemiyut, EBITDA, PAC, TASE, Depreciation, NIS, Dunam, Heat, Transport, IAS, PPA, Greenhouse, NYSE, Manara, Legislation, Klahim, Cryptocurrency, Renewable energy, Airline, Natural gas, Oil, Spanish, Dorad Power Station

The increase in depreciation and amortization expenses is mainly attributable to the commencement of recognition of results of Ellomay Solar upon connection to the Spanish grid in June 2022.

Key Points: 
  • The increase in depreciation and amortization expenses is mainly attributable to the commencement of recognition of results of Ellomay Solar upon connection to the Spanish grid in June 2022.
  • The average electricity price in Spain during the fourth quarter of 2022 was approximately €0.11/kWh, compared to an average price of €0.20/kWh during 2021.
  • Due to lower radiation during the fourth quarter of 2022, the electricity produced by the Talasol PV Plant was lower by approximately 24,000 MW compared to the fourth quarter of 2021.
  • Commencing the third quarter of 2022, this PV plant operated at full capacity and generated revenues of approximately €3.6 million during 2022.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Year Ended December 31, 2022

Retrieved on: 
Wednesday, March 29, 2023
Amos, Maintenance, International, Bank statement, Rwanda Energy Group, Coronavirus, Health, Electricity, Season, Government, TEL, COVID-19, TASE, Annual report, NYSE, Cryptocurrency, Dorad Power Station

Based on applicable regulatory requirements, the annual report of the Luzon Group includes the financial statements of Dorad for the same period.

Key Points: 
  • Based on applicable regulatory requirements, the annual report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the year ended December 31, 2022 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Dori Energy) in its financial statements for this period.
  • Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Dori Energy or Dorad with respect to the financial results included in this press release.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three Months Ended March 31, 2022

Retrieved on: 
Tuesday, May 24, 2022
Amos, Income, U.S. Securities and Exchange Commission, Company, Plant, Natural gas, International, Private Securities Litigation Reform Act, TEL, Health, Electricity, Mission statement, Government, Coronavirus, TASE, COVID-19, Ownership, WEC Energy Group, Tel Aviv Stock Exchange, Method, NYSE American, Time, Season, Maintenance, Security (finance), NYSE, Annual report, Renewable energy, Online gambling, Dorad Power Station

Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

Key Points: 
  • Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the quarter ended March 31, 2022 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Dori Energy) in its financial results for this period.
  • Dorad's unaudited revenues for the three months ended March 31, 2022 - approximately NIS 555.4 million.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Year Ended December 31, 2021

Retrieved on: 
Monday, March 28, 2022
Amos, TASE, Company, Private Securities Litigation Reform Act, Method, Health, Natural gas, Mission statement, Tel Aviv Stock Exchange, Coronavirus, NYSE, Electricity, Annual report, Ownership, WEC Energy Group, Digestion, Plant, Government, NYSE American, COVID-19, Time, International, Electric Bond and Share Company v. Securities and Exchange Commission, Season, Income, U.S. Securities and Exchange Commission, Maintenance, Form 20-F, Security (finance), Renewable energy, Online gambling, Animal, Dorad Power Station

Based on applicable regulatory requirements, the annual report of the Luzon Group includes the financial statements of Dorad for the same period.

Key Points: 
  • Based on applicable regulatory requirements, the annual report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the year ended December 31, 2021 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Dori Energy) in its financial results for this period and will include the financial statements of Dorad in its annual report on Form 20-F for the year ended December 31, 2021.
  • In an effort to provide Ellomay's shareholders with access to Dorad's financial results (which were published in Hebrew), Ellomay hereby provides a convenience translation of Dorad's financial results.