Ellomay Capital Ltd., an Israel-based renewable energy developer, has signed nine-year PPAs with Statkraft, a Norway-based renewable power producer. The agreements cover 75% of the expected output, based on P50 estimates, from three operational PV plants totaling 38 MW in central-southern Italy. Statkraft will serve as the offtaker, providing long-term price stability and revenue certainty. The solar assets are owned through Italian project companies in which Ellomay Capital holds a 51% indirect stake. Ellomay Capital is also developing 424 MW of solar capacity in Italy, including 160 MW under construction, 124 MW permitted, and 140 MW in permitting. Ellomay Capital is pursuing similar offtake arrangements to support these projects and manage revenue risks across its portfolio. Earlier this year, Ellomay Capital secured up to €110 million in financing for a 198 MW Italian portfolio.