Nofar Energy has signed a definitive agreement to acquire a controlling stake in Ellomay Capital in a deal valued at around $323 million. The transaction marks a major development in the renewable energy sector and reflects the growing trend of consolidation in the global clean energy market.

Under the agreement, Nofar Energy will purchase a majority stake from Ellomay Capital’s current controlling shareholders. The share price is based on a total company valuation of approximately $323 million. Once the deal is completed, Nofar will take control of Ellomay’s operations and integrate its assets into its own portfolio.

Ellomay Capital has built a diverse portfolio of renewable energy projects over the years. The company is active in solar photovoltaic projects across Europe and Israel. It is also involved in a significant pumped storage hydro project, which plays an important role in supporting grid stability and energy storage. These assets are expected to strengthen Nofar’s global footprint and expand its presence in key international markets.

For Nofar Energy, the acquisition is part of a broader strategy to scale up operations and increase its project pipeline. By combining the technical expertise, infrastructure, and financial strength of both companies, Nofar aims to improve operational efficiency and accelerate the development of large-scale renewable energy projects. Company leaders have expressed confidence that the transaction will create long-term value for shareholders and support future growth.

For Ellomay Capital, joining a larger renewable energy group provides greater access to capital and a stronger platform to advance its ongoing and planned projects. As competition in the clean energy sector intensifies, scale and financial strength are becoming increasingly important for companies seeking to expand.

The deal remains subject to customary closing conditions, including regulatory approvals and other agreed terms. Once finalized, the acquisition is expected to position Nofar Energy as a stronger player in the global energy transition, at a time when demand for sustainable and reliable power solutions continues to rise worldwide.

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