In recent months, the company, in cooperation with Keren Noy, has entered significant operations in Spain and Italy by completing financial closure and starting construction work on a 169-megawatt land project in Spain and investing in an Italian company, initiating, developing and constructing solar projects in the Italian roof segment. significant.
Last week, the company reported the completion of the construction of the first commercial electricity storage system in Israel, noting that the use of the electricity storage system allows the group’s companies to set up additional photovoltaic systems in the area where the electricity storage system was established, in a way that ensures electricity flow for many more hours. Electricity generation is inactive, without the need to increase the connection point to the electricity grid, and also allows the group companies to flow the electricity produced in systems during hours when electricity tariffs are higher. The company added that it is currently promoting the construction of dozens of additional electricity storage systems in the local market.
In addition, the company updated that it completed the construction of the first high-voltage floating system in Israel during January, and is expected to connect to the electricity grid by the end of 2022 floating solar systems with a total capacity of 275 megawatts.
Nadav Tene, CEO of the company said that: “We continue to work hard to strengthen the company’s leadership in the local renewable energy market and promote significant global activity based on the company’s unique business model, significant partnership, entrepreneurial DNA and human capital. Over the past few months we have continued to develop, establish and connect Many projects on a significant scale in the local market.
As a result, the company is proud to show a significant increase in connected project suppliers and expected revenues from electricity generation. In addition, Nofar Energy is proud to lead the electricity storage revolution in the local market and only a few days ago completed the establishment of the first storage system of its kind in Israel.
Since the company’s issuance, together with Keren Noy, we have entered the Italian renewable energy market through an investment in an existing platform, we have completed a financial closure and the start-up of a 169-megawatt photovoltaic project in Spain. The company will continue its accelerated growth, achieving the goals presented and leading the renewable energy market in Israel. “
Nofar energy from right to left Nadav Tene CEO Ofer Yanai Yor Noam Peshir CFO Shahar Gershon VP Business Development
Photographer: Israel Hadari
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