Ellomay Capital Ltd., a developer and generator of renewable energy projects, has successfully closed a significant investment transaction with Clal Insurance Company Ltd., a prominent Israeli institutional investor. The collaboration involves Clal acquiring a 49% interest in Ellomay's 198 MW solar portfolio in Italy, which includes both operational projects and those under construction and development. This partnership is a key milestone in Ellomay's strategic growth plan and is seen as a testament to the strength of Ellomay's vision and leadership. The deal signifies a strong vote of confidence in Ellomay from Clal, enhancing the company's position in the renewable energy sector.
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