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Ellomay Capital Ltd. signed nine-year power purchase agreements (PPAs) for three solar plants in central-southern Italy with Statkraft, Europe’s largest renewable energy generator. The agreements cover 75% of the capacity of the plants, totaling approximately 38 MW. This collaboration reinforces Ellomay’s renewable platform strategy and aims to enhance stability and growth in European renewable energy markets.
CEO Ran Fridrich stated that Ellomay is also pursuing similar agreements for its larger Italian solar portfolio under development, which currently has around 160 MW. Statkraft aims to strengthen its renewable energy portfolio in Italy through this partnership.
In terms of market presence, Ellomay has a 51% stake in the solar projects and has made significant investments in renewable energy across various countries, including Italy, the USA, and Israel.
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