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Ellomay ( (IL:ELLO) ) has issued an announcement.
On April 9, 2025, Ellomay Capital Ltd. announced an agreement to sell 49% of its 198 MW Italian Solar Portfolio to Clal Insurance, a prominent Israeli institutional investor. This strategic partnership involves setting up a new Israeli limited partnership, with Ellomay retaining 51% ownership. The deal signifies a significant collaboration in the renewable energy sector, potentially enhancing Ellomay’s market position and attracting further investment in its Italian projects. The agreement includes a right of first look for Clal in future solar projects by Ellomay in Italy, indicating a long-term investment relationship.
More about Ellomay
Ellomay Capital Ltd. is an Israeli company specializing in renewable energy and power generation projects across Europe, the USA, and Israel. Since 2009, the company has invested in solar power plants, anaerobic digestion plants, and pumped storage hydro power projects, with a focus on clean energy and natural resources industries in various countries including Israel, Italy, Spain, the Netherlands, and Texas, USA.
YTD Price Performance: -18.04%
Average Trading Volume: 3,498
Technical Sentiment Signal: Strong Buy
Current Market Cap: $175.9M
For a thorough assessment of ELLO stock, go to TipRanks’ Stock Analysis page.