Article

Nofar Energy has signed an agreement to acquire a controlling stake in Ellomay Capital for approximately $323 million. This acquisition will allow Nofar to integrate Ellomay's renewable energy projects, including solar and pumped storage hydro, into its portfolio, enhancing its global presence.

The deal aims to improve operational efficiency and expand Nofar's project pipeline amidst growing competition in the clean energy sector. The transaction is subject to regulatory approvals.