company
Trollite
-5.04%
Base:531.8
opening:505
High:505
low:505
change:19,463
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
which engages in the initiation and development of solar energy projects, won, through its subsidiary Solartech, a tender of the Menashe Regional Council, for the design, construction and operation of solar facilities on the perimeter fences in the council’s localities, which numbers approximately 22 settlements and covers a total area of 160 thousand dunams. In the company’s estimation, in the relevant peripheral areas it will be possible to establish solar facilities with an aggregate scope of 50 megawatts, with an investment of approximately NIS 150 million.
Tralite’s win is in a tender according to the terms of which fences are expected to be erected in public areas throughout the council, as defined by the council, where in some areas the council is the owner of the rights, and in some areas the settlements within the council’s jurisdiction are the owners of the rights. The facilities will be built on top of the perimeter security fences, with Solartech (61.8%) receiving during the entire period of the agreement (24 years and 11 months) the full receipts from the sale of electricity generated by the solar facilities, and will pay the developer’s payments to the council or the settlement.
Rani Lifshitz, Tralite CEO: “Tralite is currently promoting the construction of hundreds of megawatts in roofs, reservoirs, shading, fences and greenhouses all over the country, and winning the Menashe regional council’s tender is part of the company’s strategy to expand its activities in the dual-use field, an area in which the company sees great business potential. Besides We continue to promote the company’s flagship projects, the Atanach and the Jordan Valley, when we recently announced an agreement to purchase solar systems in the amount of 48 million dollars as part of the start of the construction of the Atanach 1 project, which is expected to produce an installed capacity of 156 megawatts. We will continue to work to establish Tralite’s position as a leading electricity producer with Hundreds of megabytes in Israel alongside significant activity abroad and an electricity supply arm in Israel.”
Since the beginning of the year, the Tralite share has fallen by 33% to a price of NIS 5, which represents a value of NIS 367.3 million. The company lost in the first half of this year about NIS 11.5 million on revenues of NIS 16.2 million. In 2021 as a whole, the company lost NIS 7.5 million on revenues of NIS 18.1 million.
Comments to the article(0):
Your response has been received and will be published subject to the system policy.
Thanks.
for a new comment
Your response was not sent due to a communication problem, please try again.
Return to comment