Company
Nofar Energy
0%
Base:8,075
opening:8,075
High:0
low:0
change:—
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
Engaged in the initiation, construction and operation of solar power generation systems reports the expansion of its UK operations and entry into another project through the local energy storage platform in which Nofar Energy invested £ 214 million last December and acquired a 75% stake in the platform.
The project (Buxton) is a storage facility that is currently under construction with a capacity of about 60 megawatts per hour and is expected to connect to the electricity grid during 2023. The total cost of setting up the project is about NIS 86 million.
According to the company, the project is expected to generate NIS 17 million in annual revenue and an annual EBITDA of NIS 15 million.
Nadav Tene, CEO of Nofar Energy said: “Nofar Energy continues to expand its global operations in the field of electricity storage. We are pleased to update this morning on increasing the project portfolio of the successful partnership with the Interland Group, which is currently promoting storage projects in the UK with a capacity of 760 megawatts per hour. One hour is underway in the stages of construction and advanced initiation, which Nofar Energy is promoting in its various partnerships.
In its most recent reports, the Energy Company reported an increase in revenues that jumped to NIS 360.8 million, compared with NIS 214 million in 2020 (67%). NIS million in 2020. Operating profit became positive in 2021 and amounted to NIS 9.6 million, compared with a loss in 2020 in the line of operating profit, which amounted to NIS 26.1 million. The net profit, respectively, became positive and amounted to NIS 3 million in 2021, compared with a loss of NIS 233 million in 2020. The backlog as of the end of 2021 is estimated at NIS 30 million.
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment