Nofar Israel Acquires 92.5% Stake in Highlight Renewable Energies, Adding 850 MW Solar and 4.4 GWh BESS Pipeline
Nofar Israel has signed an agreement to acquire a 92.5% stake in Highlight Renewable Energies for approximately 200 million NIS. The acquisition adds an estimated 850 MW of solar PV and 4.4 GWh of energy storage capacity across projects at various development stages, accelerating Nofar's position as a leading large-scale renewable energy platform in Israel.
Transaction date:
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 850 MW
- Transaction price
- 51 million (currency as reported in the source)
- Buyer
- Nofar Energy
- Country
- Israel
- Continent
- Asia
- Development status
- Under Development
- PPA
- n.a.
Technology details
Pipeline of approximately 850 MW in solar PV and 4.4 GWh in energy storage capacity across projects under construction, pre-construction and in advanced development stages.
Additional information
Nofar Israel acquires 92.5% of Highlight Renewable Energies for approximately 200 million NIS (approximately €51 million at prevailing rates). Source is a LinkedIn post; no dedicated press release URL or date available. Price converted from approximately 200 million NIS.
Source
Compiled by Renewables.digital from public announcements.