Israeli renewables developer and power producer Ellomay Capital Ltd (<a href="https://market.tase.co.il/en/market_data/security/1082635/major_data" target="_blank">TASE:ELLO</a>) said on Friday it had closed a EUR-52-million (USD 60.8m) investment deal with Clal Insurance, granting the institutional investor a 49% stake in a 198-MW portfolio of solar projects in Italy.