Israel - based Ellomay Capital has gained funding approval from the federal Fund for Strategic financing for its 300 MW Talasol solar project in Spain . The subsidy - free scheme will cost about € 200 m ( $ 800 m ) , Ellomay said in January . When Talasol , in Talavan , northern province , starts operations in 2020 it will sell all of its power to the spot market , partly financed by a hedging mechanism . Ellomay said it had secured a binding term agreement with an unnamed international hedge provider , covering between 3,500 and 3,700 GWh power over 10 years .
Israel-based Ellomay Capital has gained funding approval from the European Fund for Strategic Investments for its 300 MW Talasol solar project in Spain. The subsidy-free scheme will cost about €200m ($235m), Ellomay said in January. When Talasol, in Talavan, Caceres province, starts operations in 2020 it will sell all of its power to the spot market, partly protected by a hedging mechanism. Ellomay said it had secured a binding term sheet with an unnamed international hedge provider, covering between 3,500 and 3,700 GWh power over 10 years.