Exhibit 8
 
ELLOMAY CAPITAL LTD.
 
List of Subsidiaries as of December 31, 2011
 
Name of Subsidiary
 
Percentage of Ownership
 
Jurisdiction of Incorporation
Ellomay Clean Energy Ltd.
 
100%
 
Israel
Ellomay Clean Energy LP
 
100%
 
Israel
Ellomay Luxemburg Holdings S.àr.l.
 
100%
 
Luxemburg
Ellomay PV One S.r.l.
 
100%1
 
Italy
Ellomay PV Two S.r.l.
 
100%1
 
Italy
Ellomay PV Five S.r.l.
 
100%1
 
Italy
Ellomay PV Six S.r.l.
 
100%1
 
Italy
Energy Resources Galatina S.r.l.
 
100%1
 
Italy
Pedale S.r.l.
 
100%1
 
Italy
Luma Solar S.r.l.
 
100%1
 
Italy
Murgia Solar S.r.l.
 
100%1
 
Italy
___________________________
 
1. Held by Ellomay Luxemburg Holdings S.àr.l.