Israeli outfit Ellomay Capital has entered into a strategic agreement with Ludan Energy Overseas to develop waste-to-energy projects in the Netherlands.
Under the terms of the agreement, Ellomay will acquire at least 51% of each project and Ludan will own the remaining 49%.
The deals are subject to the fulfilment of certain conditions, including projects reaching financial close and receiving a valid Sustainable Energy Production Incentive subsidy from the Dutch authorities.
Each project is expected to operate for approximately 12 years.
Ludan will act as the engineering, procurement and construction contractor and carry out operation and maintenance.
In addition, Ludan will be entitled to receive a development fee for each project following financial closing in different amounts depending on the type and size.
Image: REA
Israelis target Dutch bio
Ellomay Capital will take a 51% stake in projects developed by Ludan Energy
By EBS