The GreenLight Fund and Doral Group Renewable Energy Resources Ltd (TASE:DORL) executed an agreement to acquire 9 MW Solar Facility in Talmei Yosef from Ellomay Capital Ltd. (NYSEAM:ELLO) for ILS 48.8 million on January 3, 2024. The consideration consists of ILS 44.8 million in cash and ILS 4 million in earnout payments. The transaction is subject to various customary conditions, including receipt of regulatory approvals and the consent of the financing entity of the Talmei Yosef Facility.

All conditions to closing are required to be fulfilled within a period of 90 days from execution of the Agreement, which can be extended to up to 150 days under certain circumstances.