Ellomay Capital Secures Permit for Dorad Power Plant Expansion
Tel Aviv, Monday, 8 December 2025.
Ellomay Capital has received approval for a building permit to expand the Dorad Power Plant, marking a key step in boosting Israel’s renewable energy capacity.
Strategic Expansion in Renewable Energy
Ellomay Capital Ltd. (NYSE American: ELLO) has strategically advanced its position in the renewable energy sector with the recent approval of a building permit for the Dorad Power Plant expansion. The approval was granted by the Israeli National Licensing Authority, allowing Dorad Energy Ltd., in which Ellomay indirectly holds a 16.9% stake, to proceed with the construction of a new generating unit of approximately 650 MW. This development underscores Ellomay’s commitment to enhancing renewable energy infrastructures [1].
Implications for Israel’s Energy Sector
The expansion of the Dorad Power Plant is expected to significantly bolster Israel’s energy capacity. As the country continues to grow, the demand for sustainable and reliable energy sources becomes ever more critical. The new generating unit will not only add substantial capacity but also integrate advanced engineering works, including the installation of a new turbine. This aligns with global sustainability goals and Israel’s national energy strategy focused on reducing carbon emissions [1][2].
Ellomay’s Broader Renewable Initiatives
Beyond the Dorad project, Ellomay Capital has been actively investing in various renewable energy projects across Israel, Italy, Spain, the Netherlands, and the United States. These include anaerobic digestion plants in the Netherlands, solar projects in Italy, and a pumped storage hydro power plant in Israel. Such diversification not only strengthens Ellomay’s portfolio but also supports its mission to lead in the clean energy transition [1][3].
Market Reactions and Future Prospects
The approval of the Dorad expansion has had a positive impact on Ellomay’s market performance, with a noted increase in its stock value by 8.5% in recent days. Analysts remain optimistic about the Renewable Energy industry, projecting robust annual earnings growth over the next five years. This positive outlook is supported by Ellomay’s strategic investments and the ongoing global shift towards renewable energy sources [2][4].