Energy economy Mitzhak Mirilshvili is purchasing the photovoltaic energy production projects for NIS 45 million. As part of the deal, you will purchase
Energy economy
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10 solar field projects around the country connected to the electricity grid with a total capacity of about 19 megawatts. As part of the transaction, 50% of the consideration will be paid for the projects in the value of the shares of the Energy Economy Company and 50% in cash.
The backlog of projects includes ground facilities with a capacity of about 16 megawatts and facilities on roofs with a capacity of about 3.2 megawatts. In the energy economy, it is noted that these income-producing properties are under the old regulation and enjoy an average rate higher than NIS 1 per kWh (the current price for new projects ranges from 13 to 18 agorot).
Energy Energy expects an increase of NIS 30 million in annual revenues and NIS 20 million in EBITDA.
Yitzhak Mirilshvili holds 78% of the shares in the real estate company
Rothstein
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, Specializing in construction for the national religious public. Michael Mirilshvili, his father, is a Georgian Israeli businessman and philanthropist. Engaged mainly in real estate, diamonds, renewable energy and new media. Family members want to keep a low profile and therefore less famous. Although the family’s fortune is estimated at $ 1.9 billion.
Energy Economy specializes in the development, financing, construction and operation of a variety of renewable energy projects, with an emphasis on solar fields. Recently, it completed the raising of bonds, the first of its kind, in the amount of NIS 220 million to finance projects in the field of renewable energies. In addition, the company also entered the world of electric transportation The electric.
This is a second deal with similar characteristics in less than a month. That is, a deal in which a public company acquires a private company that engages in PV energy ventures to enter the industry. This is after that
Tadiran Holdings
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Acquired Eliran Solar. This is probably the beginning of a trend that will add more fuel to the already boiling industry of renewable energies.
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