Ellomay Capital Ltd. is involved in the initiation, development, construction and production of renewable and clean energy projects in Europe, USA and Israel. The company focuses on solar power plants, pumped storage hydro power, anaerobic digestion plants for green gas production and ownership stakes in operating power facilities. Its activities span multiple countries and technologies within the clean energy sector.

Ellomay Capital Ltd. generates revenue primarily from the sale of electricity produced by its operating solar power plants and other energy facilities. Revenue streams include proceeds from power purchase agreements, market-based electricity sales and specific remuneration mechanisms under regulatory frameworks in Spain, Italy and other jurisdictions. The company also earns income from operational projects such as the Dorad Power Plant and anaerobic digestion facilities in the Netherlands.

Ellomay Capital Ltd. operates through the following segments: solar power projects, pumped storage hydro power, anaerobic digestion for green gas and ownership interests in operating power plants.

• Solar power projects: This segment includes the development and operation of photovoltaic plants in Spain, Italy, the United States and Israel. The company indirectly owns approximately 335.9 MW of operating solar power plants in Spain, including a 300 MW solar plant in Talasol which is 51% owned by Ellomay Capital Ltd., and 51% of approximately 38 MW of operating solar power plants in Italy. It also holds 51% of solar projects in Italy with an aggregate capacity of 160 MW under construction and 210 MW that have reached ready-to-build status. In Texas, USA, the company owns three operating solar plants with an aggregate capacity of approximately 38 MW and additional projects under development. Trademarked project names include Talasol, Ellomay Solar, Ellomay Solar One, Ellomay Solar Two and Ellomay Solar Ten.

• Pumped storage hydro power: This segment involves the construction of a 156 MW pumped storage hydro power plant at the Manara Cliff in Israel. Ellomay Capital Ltd. holds 83.333% of Ellomay Pumped Storage (2014) Ltd., the entity developing the Manara PSP project. The project commenced construction in April 2021 and is expected to become commercially operational after delays due to regional hostilities. The project is protected under Israeli tariff regulation financing support standards for force majeure events such as war.

• Anaerobic digestion for green gas: This segment consists of project companies operating anaerobic digestion plants in the Netherlands. Ellomay Capital Ltd. indirectly owns Groen Gas Goor B. V., Groen Gas Oude-Tonge B. V. and Groen Gas Gelderland B. V., which have green gas production capacities of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively. These facilities process organic waste to produce renewable gas for injection into the natural gas grid or use in transportation.

• Ownership interests in operating power plants: This segment includes Ellomay Capital Ltd.'s stake in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with a production capacity of approximately 850 MW. The company holds 16.875% of Dorad through its subsidiary Ellomay Luzon Energy. The Dorad Power Plant operates on natural gas and contributes to the company’s revenue via dividend distributions and operational cash flows from this interest.

Ellomay Capital Ltd. operates in a competitive renewable energy market with numerous private developers and manufacturers vying for land, grid connections and regulatory incentives. Key competitors in the solar sector include Nofar Energy Ltd., Doral Group Renewable Energy Resources Ltd., Energix Renewable Energies Ltd. and Enlight Renewable Energy Ltd., among others. The company's competitive advantages stem from its diversified portfolio across technologies and geographies, long-term power purchase agreements such as the Talasol PPA with Statkraft and early entry into markets with established project development expertise.

Ellomay Capital Ltd. sells electricity primarily to local operators of national grids in Spain, Italy, the United States and Israel. These grid operators purchase the electricity produced by the company’s solar plants and other facilities based on market prices or contractual agreements. The company does not generally enter into direct power purchase agreements with private end consumers, focusing instead on wholesale market sales through grid interconnections.