Search

Inc, an Israel-based agri-food tech company, and Solterra Renewable Energy Ltd are evaluating options to expand their joint solar project in Germany, currently

Israel-based agri-food tech firm N2OFF Inc has acquired majority stakes in two battery energy storage system (BESS) projects in Italy, totaling approximately 196 MW. The projects were developed by Solterra, N2OFF's partner, and this acquisition marks a significant expansion of N2OFF's energy portfolio. The move aligns with the company's strategy to diversify its investments and enhance its presence in the renewable energy sector.The acquisition underscores N2OFF's commitment to sustainable energy solutions, leveraging its expertise in agri-food technology to support the transition to cleaner energy sources. This strategic investment in Italy's BESS projects is expected to bolster the country's renewable energy infrastructure and contribute to energy storage advancements. How will N2OFF's acquisition of Italian BESS projects impact renewable energy in Italy? Strengthening Italy's Renewable Energy Infrastructure: The acquisition of these BESS projects by N2OFF is likely to enhance Italy's renewable energy infrastructure by providing essential storage solutions that can balance supply and demand, thus improving grid stability and reliability. Facilitating Energy Transition: By investing in battery energy storage systems, N2OFF is supporting Italy's transition to renewable energy sources. These systems enable the integration of more renewable energy into the grid by storing excess energy generated from sources like solar and wind for use during periods of high demand or low generation. Encouraging Investment in Renewable Technologies: N2OFF's acquisition may encourage further investment in renewable technologies in Italy, signaling to other investors the viability and potential returns of such projects. This could lead to increased funding and development in the sector. Reducing Carbon Emissions: The implementation of BESS projects can contribute to reducing carbon emissions by optimizing the use of renewable energy and decreasing reliance on fossil fuels. This aligns with Italy's goals to reduce greenhouse gas emissions and combat climate change. Job Creation and Economic Growth: The development and operation of these BESS projects are likely to create jobs in the renewable energy sector, from construction and engineering to maintenance and management, thereby contributing to local economic growth. Enhancing Energy Security: By increasing the capacity for energy storage, Italy can enhance its energy security, reducing dependence on energy imports and increasing resilience against energy supply disruptions. Promoting Technological Innovation: N2OFF's involvement in these projects may drive technological innovation in energy storage solutions, potentially leading to more efficient and cost-effective systems that can be implemented both in Italy and globally. Aligning with EU Energy Goals: This acquisition supports the European Union's broader energy goals, which include increasing the share of renewable energy in the energy mix and improving energy efficiency across member states.

we notify of the passing of our dear friend and inspiration, Guy Sella,” the Israel-headquartered inverter manufacturer said in a statement over the weekend,

the following five years." Fluence managing supervisor for UK, Ireland & Israel Marek Kubik claimed: "We delight in to be dealing with Zenobe to provide the

Israel's Nofar Energy is aiming to establish or obtain wind as well as solar projects in Romania where it plans to spend over 300 million euro ($ 316 million) in the adhering to 2 years, it claimed on Tuesday.

Israel’s Nofar Energy Ltd has successfully connected its 27-MW Ada solar photovoltaic park to the grid in Serbia. This marks a significant milestone for the company as it expands its renewable energy footprint in Eastern Europe. The Ada solar farm is expected to contribute to Serbia's renewable energy targets and enhance the country's energy mix with sustainable power sources.Nofar Energy, listed on the Tel Aviv Stock Exchange under the ticker NOFR, continues to advance its international projects, reinforcing its commitment to global renewable energy development. The completion of the Ada solar park underscores the company's strategic focus on expanding its solar energy portfolio. How does Nofar Energy's Ada solar park impact Serbia's renewable energy goals? Contribution to National Renewable Targets: The Ada solar park's 27-MW capacity is a significant addition to Serbia's renewable energy infrastructure, helping the country move closer to its national renewable energy targets. By increasing the share of solar power in the energy mix, Serbia can reduce its reliance on fossil fuels and decrease greenhouse gas emissions. Diversification of Energy Sources: The integration of the Ada solar park into Serbia's grid diversifies the country's energy sources. This diversification is crucial for enhancing energy security and reducing vulnerability to energy supply disruptions, particularly those related to fossil fuel imports. Economic and Environmental Benefits: The operation of the Ada solar park is expected to generate economic benefits, including job creation during the construction and maintenance phases. Additionally, the environmental benefits include a reduction in carbon emissions and a decrease in air pollution, contributing to improved public health and environmental quality. Alignment with EU Energy Policies: As Serbia aspires to join the European Union, the Ada solar park aligns with EU energy policies that emphasize the transition to renewable energy. This project demonstrates Serbia's commitment to meeting EU standards and regulations regarding renewable energy adoption and sustainability. Encouragement for Further Investments: The successful connection of the Ada solar park to the grid may encourage further investments in Serbia's renewable energy sector. It sets a precedent for future projects and can attract both domestic and international investors interested in sustainable energy development. Technological Advancement and Innovation: The implementation of advanced solar technologies in the Ada solar park can serve as a model for future projects in Serbia. It showcases the potential for innovation in the renewable energy sector and encourages the adoption of cutting-edge technologies to maximize efficiency and output. Community and Regional Development: The Ada solar park can stimulate regional development by providing a reliable source of clean energy. It can also foster community engagement and awareness about the benefits of renewable energy, promoting a culture of sustainability and environmental responsibility.

important to the U.S., particularly Egypt and the Suez Canal. Israel would remain an important ally, said Overland, adding: “Logically, apart from

Israel’s Nofar Energy has agreed to acquire Aviv Renewable Investment, a project company developing a 160-MW solar photovoltaic project in Giurgiu County, Romania. The acquisition involves purchasing 100% of Aviv's shares, though financial details and the seller's identity remain undisclosed. This new project is located near Nofar's previously acquired Iepuresti solar site, touted as a significant renewable energy investment in Romania.Nofar’s Romania CEO highlighted the company’s ongoing expansion in the region, recently securing financing from the European Bank for Reconstruction and Development and Raiffeisen Bank International to support the construction of both the Iepuresti and the new Ghimpati solar projects. What recent expansion efforts is Nofar Energy undertaking in Romania’s solar market? Nofar Energy is actively expanding its footprint in Romania's solar market through several strategic initiatives. Here are some highlights of their recent expansion efforts:- Acquisition of Aviv Renewable Investment: Nofar Energy's acquisition of Aviv Renewable Investment emphasizes its commitment to expanding its solar portfolio in Romania. This acquisition includes a 160-MW solar photovoltaic project, enhancing Nofar’s operational capacity in the region.- Strategic Location: The newly acquired project is situated in Giurgiu County, close to Nofar’s existing Iepuresti solar site. This geographical proximity is anticipated to streamline operations and facilitate management of multiple projects within the region.- Secured Financing: Nofar recently secured significant financing from reputable financial institutions, including the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International. This funding is aimed at supporting the construction of both the Iepuresti and Ghimpati solar projects, signaling strong investor confidence in Romania’s renewable energy landscape.- Emphasis on Renewable Energy Development: Nofar’s expansion aligns with Romania's broader goals of increasing renewable energy generation and reducing carbon emissions. The company’s efforts contribute to the nation's transition towards a more sustainable energy system.- Enhancing Local Job Creation: The development of solar projects not only increases energy output but also fosters local job creation. Nofar’s expansion initiatives are likely to provide employment opportunities in construction, maintenance, and operation of the solar facilities.- Technological Advancements: Nofar Energy is expected to implement cutting-edge solar technology in its ongoing projects. This may include innovative photovoltaic systems and efficiency-enhancing solutions, setting a benchmark for future renewable energy developments in Romania.- Community Engagement: As part of its expansion strategy, Nofar may focus on engaging with local communities, ensuring that residents understand the benefits of renewable energy, and addressing any concerns related to project development.- Long-term Sustainability Goals: Nofar’s expansion in Romania is part of a broader strategy to achieve long-term sustainability goals by increasing reliance on clean energy sources. The company may be exploring partnerships with local governments and stakeholders to further its mission.These strategic initiatives reflect Nofar Energy's proactive approach to enhancing its presence in the Romanian solar market and contributing to the country's renewable energy ambitions.

has a premium 96 Composite Rating and also a strong 89 EPS Rating. This Israel-based company makes solar items for residences and companies. That includes

continuous with possible factors in Europe, America, Asia, Australia and also Israel. Along with CIP's very own dedications, the fund's last pot might reach

Israel-based N2OFF Inc and partner Solterra Renewable Energy Ltd have received approval from the Melz Municipal Committee for their 111-MWp solar project in Germany. This initiative is expected to advance to the shovel-ready phase by the end of this year, with the photovoltaic (PV) farm expected to integrate into the local power grid.The project marks the first development under a broader joint venture established last summer between N2OFF and Solterra. In support of the project, N2OFF has committed a loan of EUR 2 million (USD 2.05 million). The partners are also exploring options to increase solar capacity or incorporate energy storage solutions. What impact will the N2OFF and Solterra solar project have on Germany's energy landscape? Impact of the N2OFF and Solterra Solar Project on Germany's Energy Landscape Increased Renewable Capacity: The completion of the 111-MWp solar project will contribute significantly to Germany's renewable energy capacity, which is essential for meeting national and EU climate targets. This addition supports the broader transition away from fossil fuels and toward renewable sources. Job Creation: The construction and operation of the solar farm are expected to create numerous jobs in the region. This not only benefits the local economy but also enhances the skill set of the workforce in renewable energy technologies. Strengthened Local Grid: Integrating the solar project into the local power grid will enhance grid stability and reliability. It can also reduce reliance on imported energy by increasing local generation capacity. Climate Change Mitigation: By producing clean energy, the project will help to decrease greenhouse gas emissions, contributing to Germany's efforts to combat climate change and meet international commitments under the Paris Agreement. Innovation and Technology Adoption: As N2OFF and Solterra consider incorporating energy storage solutions, this could lead to advancements in energy management technologies, facilitating better utilization of solar energy and enhancing overall system efficiency. Community Engagement: The project can foster greater public awareness and acceptance of renewable energy initiatives in Germany, potentially leading to more community-based renewable projects in the future. Long-Term Investment in Renewables: The EUR 2 million loan commitment by N2OFF underlines the financial viability of solar projects in Germany, sending a positive signal to other investors about the stability and growth potential of the solar market. Support for Energy Transition Goals: This project aligns with Germany's Energiewende (energy transition) goals, aiming for a more sustainable and self-sufficient energy system by 2045. It reflects a commitment to diversifying energy sources and reducing dependence on traditional fuels. Potential Replication Model: If successful, this project could serve as a model for future solar developments in Germany, inspiring similar initiatives across other municipalities and regions, thereby accelerating the transition to renewable energy. Local Economic Growth: By fostering an environment for investment in renewable energy, the project can stimulate local economic growth, leading to ancillary businesses and services related to solar power development and maintenance. Overall, the N2OFF and Solterra solar project represents a significant step forward in transforming Germany's energy landscape, encouraging further advancements and collaboration in the renewable energy sector.

Capital Ltd, an Israeli renewables developer, has secured project financing of up to EUR 110 million to bolster its Italian solar portfolio, which includes

tactical areas: Boston; San Francisco and also Menlo Park, Calif.; Herzliya, Israel; London; as well as New York City. Headquartered in Cambridgeshire, UK,

market as well as penciled a handle EDF to service renewables projects in Israel. With the preliminary success of the PT PJBI collaboration in Indonesia, Al

in OECD markets, a group spanning Europe, the US, Turkey, Australia, Japan, Israel, Chile and others. In principle, the fund’s US$2.5 billion pot will be