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>) closed 2023 with a net profit of EUR 600,000 (USD 555,988), marking an increase from EUR 100,000 a year ago even though its revenues suffered from lower electricity prices, mostly in Spain.