Israeli companions purchase US solar quartet

• Texas developer OnPeak Power has actually established the projects with a total capacity of 1.1 GW (dc).

Israeli firms Ashtrom Group and Kenlov Renewable Energy have actually signed a conclusive contract to acquire 4 solar projects in the US with planned capacity of 1100MW (dc).

Texas-based designer OnPeak Power is marketing the projects.

3 of the first obtained projects have a prepared capacity of 900 MW (dc) and lie in Texas, while the fourth project lies in Idaho.

The projects remain in different stages of development.

The acquisition marks the commencement of a newly developed joint venture company, KARE, in between Ashtrom with its subsidiary Ashtrom Renewable Energy, and also Kenlov to create, money, construct and own energy range projects in the United States and a long-term advancement connection with OnPeak.

" The procurement of the very first projects in the US and the growth framework partnership with Kenlov as well as OnPeak mark our first entrance for Ashtrom Group to the renewable energy market in the United States", claimed Rami Nussbaum, Ashtrom group chairman.

He added: "Our team believe that the US renewable energy sector will continue to grow in the coming years as well as we will target further financial investments and large development collaborations in the US as well as other countries in the near future.

" The large experience of Ashtrom Group in development, financing, as well as building and construction of massive framework projects will help to construct a strong and also considerable power arm within our group.".

Kenlov chief executive officer Olivier Konig claimed: "We're extremely happy to have actually brought together our partners Ashtrom Group, one of the leading firms in Israel, and also OnPeak Power an experienced and entrepreneurial developer.

" Kenlov is a fast-growing company, always in search of possibilities and talent. Our team believe in developing worth with our companions and also we're looking forward to several successes with Ashtrom and OnPeak over the coming years.

" The United States is accelerating its energy change via the bipartisan framework plan and state-level renewable energy targets, it's an amazing time as well as we're now quite part of it.".