Ashtrom Group enters the field of renewable energy – the capital market

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Ashtrom Group
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Reports that the company’s board of directors has approved its entry into the renewable energy sector. The group intends to work to develop this activity in Israel and abroad, while formulating a strategic plan and recruiting personnel for activities in this field.

According to the company’s announcement, it intends to make investments and initiate in Israel and abroad in existing and new projects, as well as to initiate relevant collaborations in areas such as: solar energy, wind energy, hydroelectric installations, biogas and energy storage in countries that are found suitable for this activity. , Because the growing supply in the world for the field of renewable energy is a business opportunity for its integration in the field.

Rami Nussbaum, Chairman of the Board of Directors of the Ashtrom Group: “The Ashtrom Group periodically examines entry into new areas of activity, which integrate with the nature of the group’s existing activities. After an in-depth examination we have conducted recently, we have chosen to enter the field of renewable energy as a new area of ​​activity.

We see this area as a largely synergistic area for our initiation and contracting activities, as well as an area that is compatible with the group’s business in light of the fact that we are currently active in a number of international markets, to which we will also examine our entry through this new activity. “The field of renewable energy is expected to enjoy significant growth in the coming years, due to the trends that characterize the energy industry in the world, especially the reforms, in which countries move from energy sources that are considered pollutants to clean and green energy sources, led by solar and wind energy.”