Nofar Energy

Meet Sapir Naaman: Project Manager at Nofar Group We are excited to introduce Sapir Naaman, a Civil Engineer and Project Manager at Nofar Group, who is responsible for managing 800 MW of projects under construction and in the pre-construction phase in Romania. With over 6 years of experience in managing large-scale projects, Sapir brings extensive knowledge and leadership to Nofar's construction department. Her role is crucial in providing comprehensive management support, from supervision and budgeting to contractor management, scheduling, quality control, and synchronization between all suppliers, including EPC contractors. Sapir's expertise and dedication drive the success of our projects in Romania, and we are very proud to have her on our team! #MeetTheTeam #RenewableEnergy #ProjectManagement #NofarEnergy #ExpertiseInAction #Sustainability

EBRD and Raiffeisen Bank International AG Bank International are providing a €110 million financing package for Nofar’s Iepuresti and Ghimpati #solar projects in Romania, with a total capacity of 300 MW. This investment is a key step in Romania's ambitious green energy program, supporting the country's goal to add 11.9 GW of new #renewable capacity by 2030. We would like to thank EBRD and RBI’s teams for this significant milestone. #RenewableEnergy #GreenFinance #SustainableFuture #Romania https://lnkd.in/dfv7nJmA

We are excited to announce that Nofar Energy has completed another significant financial close for its operations in Romania, totaling approximately €122 million. This project financing agreement was signed with EBRD (European Bank for Reconstruction and Development) and RBI (Raiffeisen Bank International AG) for the Ghimpati and Iepuresti projects, which have a combined capacity of approximately 316 MW. Both projects are in advanced stages of construction and are expected to be connected to the grid by 2025. This financing follows another financial close completed at the end of 2023 for the Ratesti project, bringing the total financed capacity of our projects in Romania to approximately 470 MW. This marks another significant milestone in Nofar's operations in Romania, where we currently have connected and under-construction projects with a combined capacity of around 970 MW. We are proud to lead Romania’s #renewable energy market, benefiting from high returns, low equipment costs, high radiation levels, and a renewable energy market characterized by high and stable electricity prices alongside supportive regulations. A big thank you to the excellent teams at EBRD and RBI for their successful collaboration, and to Favi Stelian, CEO of Nofar Romania, as well as the teams at Nofar Group and Nofar Romania for another significant achievement.    #NofarEnergy #RenewableEnergy #RomaniaProjects #SustainableGrowth #ProjectFinancing #EnergyIndependence

We are excited to share the continued momentum in the construction and connection of renewable energy projects and to present a successful partnership, this time with Kibbutz Dvir in the southern part of the country. As part of our fruitful collaboration, we have 24 #solar systems on rooftops in Kibbutz Dvir with high #FIT tariffs, with a capacity of 4 MW, along with a #storage system with a capacity of 5.6 MWh. At Nofar, we are proud of this partnership and intend to continue providing energy independence and security based on renewable energy sources in the region. As evidence, Nofar currently has 350 MW of projects connected and ready for connection across the country, ensuring high returns from long-term FIT tariffs, while focusing on the most profitable segments. A big thank you to Kibbutz Dvir for the successful collaboration. We wish continued success and growth in our joint work. Our thoughts are with the hostages and their families, and we pray for the safety of all IDF soldiers and security personnel. #RenewableEnergy #SolarPower #CleanEnergy #Israel #Sustainability #EnergyIndependence #NofarEnergy

We are excited to congratulate 16 children of Nofar employees who are starting first grade! This marks the beginning of an exciting period full of new experiences. Once again, we decided to grant school kits and wishing them great success on their new journey. The Nofar Family #BackToSchool #NofarFamily #NewBeginnings #FirstGrade #SupportingOurKids

We are excited to present another successful partnership, this time with Kibbutz Geshur in the Golan Heights. A few weeks ago, we inaugurated the first #energy storage facility in Kibbutz Geshur, with capacity pf 4.6 MWh, this is following the installation and connection of many #solar systems on the kibbutz rooftops over the past few years as part of our fruitful collaboration. Currently, we are advancing several projects together with the kibbutz, including #EV charging stations, the installation of solar rooftops, and other ventures. A big thank you to Kibbutz Geshur for the successful cooperation. We wish for continued success and growth in our joint efforts. #NofarEnergy #RenewableEnergy #SuccessfulPartnership #EnergyStorage #SolarEnergy #ElectricVehicleCharging #SustainableGrowth #CleanEnergy

#Meettheteam We are pleased to introduce Sophie Blackston, a member of our legal team at Nofar Energy. Sophie has significant experience in #infrastructure and energy projects, her professional contribution has been a key part of our international operations. As a Senior Legal Counsel, Sophie brings extensive expertise in providing legal guidance on the development, construction, and financing of our #renewableenergy platforms across Europe and the US. Her knowledge in complex contract negotiations, legal due diligence, and strategic counsel on large-scale energy initiatives has been instrumental in supporting Nofar’s growth. We are fortunate to have Sophie as part of our legal team, where her dedication and skills contribute to our continued success in the renewable energy sector. #MeetTheTeam #NofarEnergy #LegalExpertise #RenewableEnergy #InfrastructureProjects #GlobalOperations #Teamwork

Making Progress in Spain 💪🏻 Over the past three years, we have successfully completed the construction of three significant projects in Spain, with a total capacity of approximately 407 MW, as part of our successful partnership with Noy Fund and Aranovum. The Olmedilla project (169 MW) and the Sabinar 1 project (155.5 MW) have been connected to the power grid, are now in commercial operation, and have signed medium- and long-term #PPA agreements. The Sabinar 2 project (83 MW), shown in the picture, is expected to be connected to the power grid in the coming weeks. All projects were financed through project financing. A big thank you to the teams who impressively advance these projects and to Noy Fund and Aranovum for the successful partnership. #NofarEnergy #RenewableEnergy #SpainProjects #SustainableGrowth #CleanEnergy #ProjectFinancing #PPA #EnergyTransition

#MeettheTeam: Naama Look Say hello to Naama Look! Naama started her journey at Nofar Israel 4 years ago, taking on the key role of Administration and Logistics Manager in our #Construction Department. Naama's role is an integral part of our success. She oversees the setup of energy #storage projects and #EV charging stations, skillfully managing interfaces with all company departments, contractors, suppliers, and customers. She professionally manages supplier coordination within our construction operations in Israel. Her dedication and versatility are central to driving Nofar Israel's activities. We are very proud to have Naama as part of our team and appreciate her contribution to our mission of advancing renewable energy solutions. #MeetTheTeam #NofarEnergy #CareerGrowth #RenewableEnergy #EnergyStorage #ChargingStations #Teamwork #Innovation

Nofar Energy is proud to announce a significant milestone: receiving an A3 rating with a stable outlook from the rating agency Midroog. This achievement reflects our growth and stability in the #renewable energy sector. Nofar currently has approximately 1,130 MW of connected #solar projects and around 151 MWh of connected #storage projects across 7 countries, generating annual revenues of about NIS 680 million and annual EBITDA of NIS 553 million. Approximately 76% of our connected capacity benefits from a long-term guaranteed tariff for an average of 15 years. Nofar has completed financial closures in the UK, Spain, Italy, and Romania worth NIS 2.3 billion and is negotiating additional closures in the UK, Germany, and Romania. Currently, our total connected and under-construction projects amount to around 2.3 GW of solar projects and 1.1 GWh of storage projects, expected to generate annual revenues of NIS 1.5 billion and annual EBITDA of NIS 1.2 billion. We are progressing according to our multi-year plan, constructing around 1 GW of solar projects and 1 GWh of storage projects. We continue to strengthen our security forces and pray for the safe return of all the hostages. . #NofarEnergy #MidroogRating #RenewableEnergy #SolarEnergy  #EnergyStorage #FinancialGrowth #Milestone #SustainableFuture https://lnkd.in/dN4uxTFZ