Renewable Energy

Israeli renewable energy firm Doral is investing nearly $1 billion to expand the Mammoth solar project in Indiana, aiming for a record 2.9 gigawatts capacity by 2029.

Afcon Holdings is targeting a 1 billion shekel valuation for the upcoming IPO of its renewable energy division, which includes a 770-megawatt pipeline and EV charging operations.

Doral's NIS 850 million Hadari Shaan solar project in Emek HaMaayanot has been successfully electrified, promising 722 MW capacity and NIS 150 million in annual revenues.

Israeli renewable energy firm Solair has signed an MOU to acquire up to 70% of a 200 MW solar and 550 MWh storage portfolio in Australia, with an estimated EV of 780 million Australian dollars.

K-Power CEO Katya Shur stated that integrating solar panels and energy storage systems into fish farming operations can rescue the industry from economic crisis by providing farmers with additional income.

Phoenix Brokerage has upgraded its buy recommendation for Solair Renewable Energies with a target price of 163 shekels, representing a 72% upside driven by major projects in Poland and Valencia.

Doral Energy CEO Yoni Hantzis expressed skepticism about reaching the 30% renewable energy target by 2030. He emphasized the importance of building "energy islands" to provide reliable power for data centers.

"Israel's energy sector is at a critical point," said Avi Levy, CEO of the Discount Group, at the opening of an energy conference. He noted that the sector is undergoing rapid changes, requiring urgent improvements in planning, infrastructure, and regulatory processes to maintain economic competitiveness.

The bank will provide PowerGen, part of the Generation Capital group, with significant financing facilities for the construction of over 20 hybrid energy projects to be connected to the grid within two years.

Lanir Group plans to raise 176 million shekels despite reporting losses and an equity deficit. Proceeds from the offering will be used, among other things, to repay loans provided by 22 private individuals.

Enlight has signed a 12-year agreement to purchase green electricity from Rapac Energy. The total consideration for the deal is estimated to reach approximately 495 million shekels.

For the first time, over 100 gigawatts of storage capacity were added to the global market in a single year. Amid resource scarcity and a shrinking pool of suppliers, project reliability is now paramount.

The British company Welink, operator of Portugal's largest solar power plant, has entered insolvency proceedings. The collapse follows a decline in electricity prices, severe malfunctions, and a 143 million euro lawsuit from a Chinese contractor.

At the peak of his success as CEO of Doral Israel, at only 37 years old and managing turnovers of billions of shekels and hundreds of employees, Avital Ofek decided to leave everything to build something new. In an interview, he talks about his rise to the top of the energy world, the new management concept he brings to the Delek Energy Renewables group, and his future goals.

The Vatican is investing 100 million euros to build an 80-90 megawatt agro-electric plant. Located in the suburbs of Rome, the project aims to achieve energy independence for the Holy See within two years.

Doral summarized the second quarter of 2026 with accelerated growth in its US operations and an expanded project backlog. Consequently, the company has revised its 2027 revenue forecast upwards to 1.95 billion shekels.

Nofar Energy has signed a memorandum of understanding to acquire a renewable energy project portfolio in Europe for up to 672 million euros, marking the company's first entry into the wind energy sector.

Econergy's electricity sales revenues surged, but a spike in financing expenses led to a net loss of 28.1 million euros. Delays in grid connections forced the company to lower its year-end forecast.

Nofar Energy has signed a binding memorandum of understanding to acquire 100% of a European renewable energy platform. The total deal value is approximately 900 million shekels.

From deep-sea gas exploration to the reliability of our power grid: we assessed the performance of Energy Minister Eli Cohen. Electricity supply has become more reliable and gas companies have resumed exploration, though renewable energy targets remain unmet. 'Performance Traffic Light' — a special report.

Econergy, traded on the Tel Aviv Stock Exchange, has signed a financing agreement totaling approximately 229 million euros for an energy project in Europe, which features a strong revenue forecast.

The green energy company concludes a strong quarter in the USA and Europe, but is forced to deal with an impairment of 185 million shekels and is transferring operations to Lithuania.

Doral Energy is investing $738 million (approximately 2.2 billion shekels) into its US subsidiary, Doral LLC. This strategic move increases the parent company's stake from 26% to 53.2%.

The geothermal energy producer is raising its annual forecast to up to $1.2 billion following strong second-quarter reports, alongside an unusual jump of almost 200% in its energy storage activity worldwide.

Sunflower is acquiring three solar projects in Spain with a capacity of 137 MW. The deal will add 19% to its annual revenue and 17% to its annual EBITDA in the first stage.

Enlight, a leading Israeli renewable energy company, is surging on the stock exchange following a successful second-quarter report. The company reported a five-fold increase in net profit and a significant rise in revenue, prompting an upward revision of its 2026 financial guidance.

Enlight, the largest renewable energy company on the Tel Aviv Stock Exchange, reported its results for the second quarter of 2026. Revenue for the quarter grew by 55% to approximately 210 million dollars.

The Public Utility Authority (PUA) is considering a significant tariff cut for solar roof owners, threatening the economic viability of thousands of projects. Local authorities and energy experts warn this could halt Israel's progress toward clean energy goals.

The company Polar Night Energy has built a 13-meter-high tower in the town of Pornainen containing compressed sand reservoirs, which "absorb" cheap electricity from wind and solar, and release it on demand. The reservoir already generates 55%–60% of the local district heating and reduces gas usage by 80%, and the ability to convert the heat back into electricity is now being tested.

Nofar Energy has signed a comprehensive credit agreement for debt refinancing and the improvement of solar projects, featuring favorable financial terms and a repayment schedule extending to 2053.

Doral's market value has increased sixfold since Yoni Hantzis took office as CEO. The company is now proposing to increase his annual compensation package by 78%, to 7.4 million shekels.