Blue Square Real Estate and Nadav Balila in Talks for 1,300-Dunam Agrivoltaic Project
Blue Square Real Estate and Nadav B. Logistics are negotiating to acquire 1,300 dunams of citrus groves from Yakhin Hakal for NIS 50 million to build an agrivoltaic project.
Blue Square Real Estate, controlled by Moti Ben-Moshe, and Nadav B. Logistics, owned by real estate entrepreneur Nadav Balila, are in advanced negotiations to acquire rights to approximately 1,300 dunams of citrus groves from the Yakhin Hakal group for roughly NIS 50 million. The land is located in the Aseret settlements area between Yavne and Ashdod, and the companies intend to develop an agrivoltaic project combining agricultural cultivation with solar energy generation. The emerging transaction reflects a valuation of about NIS 38,500 per dunam.
In an agrivoltaic facility, solar panels are installed above agricultural land in a manner that allows farming to continue simultaneously. The objective is to produce electricity while preserving agricultural activity by adapting the installation to the specific crop type and its maintenance needs. For citrus groves, the planning must account for tree height, sunlight exposure, and required access for maintenance and harvesting.
Earlier this February, the government approved TAMA 1/24, a national master plan regulating the establishment of agrivoltaic facilities. The plan distinguishes them from standard ground-mounted solar installations and establishes mechanisms to ensure ongoing agricultural cultivation as a condition for their operation, including sanctions if farming beneath the panels ceases.
Existing Partnership and Expansion
Nadav Balila already maintains extensive operations in the citrus sector. According to his company's website, Port Dreams engages in citrus cultivation and marketing across groves spanning approximately 1,500 dunams. As reported last July, these groves are located between Emunim and Gevolim, producing oranges, clementines, pummelos, and grapefruit.
This initiative adds to Balila Group's portfolio in industry, logistics, and commerce. Nadav B. Logistics specializes in land acquisition, asset planning, construction, and management. The group also operates in cold storage, agriculture, and infrastructure, having recently expanded into energy and data centers alongside real estate and energy partners.
The partnership with Blue Square Real Estate is well-established. Last July, the companies joined forces to build a logistics facility near the Port of Ashdod with an investment of approximately NIS 140 million across 40,000 square meters. Furthermore, they plan to construct a cold storage facility on a ten-dunum plot at a cost of around NIS 160 million.
Blue Square Real Estate is a public company operating in income-producing real estate and residential development, holding malls, commercial centers, supermarkets, offices, and logistics hubs. Ben-Moshe controls the firm through Alon Blue Square Israel.
