Company
Nofar Energy
+0.67%
Base:8,536
opening:8,450
High:8,649
low:8,300
change:505,390
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Engaged in the initiation, construction and operation of systems for the production of electricity from solar energy reports an increase in the company’s revenues that jumped to NIS 360.8 million compared to NIS 214 million in 2020 (67%). NIS 351 million, compared with NIS 208 million in 2020. Operating profit has changed For the positive In 2021 and amounted to NIS 9.6 million, compared with a loss in 2020 in the operating profit line, which amounted to NIS 26.1 million. The respective net profit becamePositive And amounted in 2021 to a total of about NIS 3 million compared loss In 2020 for a total of about NIS 233 million. The backlog as of the end of 2021 is estimated at NIS 30 million.
The power of the connected projects jumped to about 438 megawatts, an increase of 313% compared to the beginning of 2021, the company completed construction with a capacity of over 300 megawatts. The energy company has connected projects under construction with a capacity of 1,167 megawatts of solar systems and 814 megawatts of storage facilities, which are expected to generate annual revenues from electricity production of NIS 875 million.
During 2021, the company completed two successful fundraisers, bonds and capital, amounting to NIS 1 billion, which provide the company with the capital required to continue its operations and implement its plans. As part of the capital raising, Altshuler, Phoenix and Moore joined Migdal as stakeholders.
Israel Completion of the construction of 149.6 megawatts on roofs and reservoirs.
Spain Financing and completion of the construction of the 169-megawatt Olmedia project.
Italy – Four wins in the largest power in the Italian Electricity Administration’s tenders for roofing projects at high FIT rates.
Rumania – Establishment of local development and development activities alongside entry into the establishment of a ratcheti project, with an installed capacity of approximately 155 megawatts.
Poland – Creating a portfolio with a capacity of about 600 megawatts.
UK – Establishment of a partnership that deals with the initiation, development, financing and establishment of storage projects and entry into the establishment of the largest storage project in the UK with a capacity of about 700 megawatts.
Nadav Tene, CEO of Nofar Energy:
“We conclude a year during which we completed the construction of projects with a capacity of over 300 megawatts, established 6 global growth platforms in different countries and entered into all of them to initiate, develop, establish and connect large-scale projects.”
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