Nofar Energy

What Nofar Energy does

Nofar Energy Ltd. (O.Y. Nofar Energy Ltd., TASE: NOFR) is an Israeli renewable energy developer that initiates, finances, constructs, and operates utility-scale solar PV, floating solar, commercial and industrial rooftop solar, and battery energy storage systems (BESS) across approximately 10 countries in Europe, North America, and the Middle East. As of June 2026 the company reports 1,271 MW of connected and ready-to-connect PV projects, 1,157 MW under construction and pre-construction, and 2,127 MWh of energy storage projects in its pipeline, supported by wholly-owned regional platforms including Nofar Romania, Nofar Spain, Atlantic Green and Noventum Power (UK), Sunprime Holdings (Italy), BlueSky Utility and Pine Gate (USA), Nofar Poland, and Nofar Serbia.

The company's core technology stack is solar PV combined with co-located battery storage, exemplified by the 160 MW/340 MWh and 120 MW/520 MWh BESS at the Iepuresti and Ghimpati solar parks in Romania, the 630 MWh Cellarhead standalone BESS in the UK, and the 350 MW BESS at the Sophocles C&I rooftop project in Italy. Nofar pioneered floating solar in Israel (100+ MW connected since 2018) and operates more than 2,000 C&I rooftop installations generating over 481 MW of renewable energy in Italy, Israel, and the USA.

Nofar's business model combines long-term recurring revenue from electricity sales via power purchase agreements and grid tariffs with project development and asset rotation, selling completed assets to infrastructure funds or operating them under PPAs. Project-level capital is sourced primarily from development finance institutions and project finance banks (EBRD, EIB/BEI, Raiffeisen, Natixis CIB, EB-SIM), with roughly €895 million of disclosed project debt closed between 2024 and 2026. The company has pursued an aggressive acquisition strategy, including the 2025 purchase of bankrupt US developer Pine Gate for $285 million and the 2026 acquisition of a 45.9% controlling stake in Ellomay Capital for approximately NIS 1 billion ($310.4 million).

Name

Nofar Energy

Legal name

O.Y. Nofar Energy Ltd.

Website

https://nofar-energy.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Nofar Energy is an Israeli publicly traded renewable energy developer (TASE: NOFR) that develops, finances, and operates utility-scale solar PV, floating solar, C&I rooftop solar, and battery energy storage projects across 10 countries in Europe, North America, and the Middle East, selling electricity via PPAs and rotating assets to infrastructure funds.

Ownership category

akta.pro rank

Product category

Renewable Energy Development and Operations

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)

Keywords

• Utility-scale solar
• Battery energy storage
• Renewable energy development
• Commercial solar installations
• Solar project financing

Headquarters

HQ city

Kfar Saba

HQ country

Israel

HQ region

Middle East

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Renewable Energy Generation and Sales: Develops, constructs, and operates solar and storage assets generating electricity sold through PPAs or to the grid. Projects include utility-scale solar farms, floating solar, and C&I rooftop installations.
2. Project Development and Asset Sales: Develops renewable energy projects for own operation or for sale to infrastructure funds and utilities. Asset turnover model where completed projects are sold to institutional investors.
3. Italian Portfolio Operations (Sunprime): Through Sunprime Holdings (Italian subsidiary with Noy Fund), operates approximately 200 solar PV plants with 290 MWp capacity on industrial and commercial rooftops across Italy

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Nofar Energy develops, finances, constructs, and operates utility-scale and commercial solar PV projects and battery energy storage systems (BESS) across multiple countries. The company operates an integrated platform spanning project development, EPC, project finance, and long-term operations under PPAs and bilateral supply arrangements, with completed assets either retained or sold to infrastructure funds.

Product overview

Nofar Energy is a publicly traded Israeli company (TASE: NOFR) that initiates, builds, and operates renewable energy and energy storage projects globally. The company operates across 10 countries including Israel, USA, UK, Spain, Romania, Poland, and Italy. Nofar's portfolio includes large-scale ground-mounted solar projects (Ratesti, Iepurești, Olmedilla, Sabinar 1 & 2), commercial & industrial solar installations (C&I Solar across Italy, Israel & USA), floating solar projects in Israel, and standalone battery energy storage projects (Cellerhead and Buxton in the UK, energy storage in Israel). The company also operates through subsidiaries including Atlantic Green and Noventum Power in the UK, with a total portfolio of 1,271 MW of connected and ready PV projects, 1,157 MW under construction, and 2,127 MWh of energy storage projects.

Differentiator

Problem solved

Functional benefit

Brands

• Atlantic Green: UK-based subsidiary focused on acquisitions, investing, construction and operating of standalone battery energy storage projects
• Noventum Power
• Enova Energy
• BlueSky Utility
• Sunprime

Products and services

• Ratesti Solar Project Utility-scale ground-mounted solar project in Romania with 155MW capacity; the largest solar ground project connected in Romania, supplying renewable electricity to the national grid.
• Iepurești Solar Park Solar power project in Romania with 169MW capacity, one of Romania's largest renewable energy projects developed by Nofar Romania with co-located battery storage.
• Olmedilla Solar Project Ground-mounted solar project in Spain with 169MW capacity, operational since July 2022, constructed at €130M.
• Sabinar Solar Complex Ground-mounted large-scale solar energy complex in eastern Spain with combined capacity of 278 MW (Sabinar I: 155 MW, II: 83 MW, III: 40 MW); constructed at €139M for Sabinar I.
• C&I Solar Portfolio Commercial and industrial solar project portfolio across Italy, Israel, and USA; one of the largest C&I solar companies globally with over 2,000 projects generating 481 MW of renewable energy.
• Floating Solar Projects Floating solar installations on lakes, industrial ponds, freshwater and effluent water reservoirs in Israel; pioneer floating solar with 100+ MW connected since 2018 using dual-use land.
• Cellarhead BESS UK's largest standalone battery energy storage project with 630MWh capacity, developed by Atlantic Green, Nofar's UK subsidiary.
• Buxton BESS 60 MWh standalone energy storage project in UK led by Nofar's subsidiary Atlantic Green in collaboration with Interland, currently in advanced construction stages.
• Israel Energy Storage Projects Energy storage projects in Israel where Nofar leads the segment with 266 MWh of connected and ready-to-be-connected storage projects.
• Sophocles Project (Sunprime Holdings) Italian renewable energy project comprising approximately 200 solar PV plants with 290 MWp capacity and 350 MW of battery energy storage systems on industrial and commercial rooftops; operated by Sunprime Holdings (Nofar + Noy Fund JV).
• Co-located Battery Storage (Romania) Large-scale co-located battery energy storage projects at Romanian solar parks including 160 MW/340 MWh at Iepuresti and 120 MW/520 MWh at Ghimpati, supplied by Sungrow.
• Stendal BESS (Germany) 104.5 MW/209 MWh battery energy storage project in Stendal, Germany; €86.5 million project financing secured demonstrating standalone BESS as asset class.

Quantifiable outcome

• 386 GWh annual renewable energy generation from Romanian solar farms
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• SungrowcoreTechnology or Integration · 18 May 2026Sungrow is the battery supplier for co-located storage at Romanian solar parks. EUR 80+ million procurement deal includes 160 MW/340 MWh BESS at Iepuresti and 120 MW/520 MWh at Ghimpati.
• Ellomay CapitalcoreStrategic or Co-development Partner · 16 December 2025Nofar acquired 45.9% control stake in Ellomay Capital (valued at ~NIS 1 billion / $310.4 million) from principal shareholders. Strategic growth into renewable and conventional power sectors.
• Noy Fund and EranovumcoreStrategic or Co-development Partner · 9 April 2025Nofar Spain operates in partnership with Noy Fund and Eranovum, developing and operating large-scale ground-mounted solar projects in Spain since 2020.
• Noy FundcoreStrategic or Co-development Partner · 21 August 2024Noy Fund is a strategic partner in Spain operations (Nofar Spain) and Italy (Sunprime Holdings JV). Co-investing in large-scale solar development across Europe since 2020.
• Atlantic GreencoreStrategic or Co-development Partner · 21 August 2024Atlantic Green is Nofar's UK subsidiary focused on acquisition, construction and operation of standalone battery energy storage projects. Developed Cellarhead (630 MWh), UK's largest BESS.
• Noventum PowercoreStrategic or Co-development Partner · 21 August 2024Noventum Power is Nofar's UK subsidiary specializing in development, co-development, acquisition, and operation of greenfield solar and wind projects and hybrid projects. 567 MW under development.
• Enova EnergyminorStrategic or Co-development Partner · 21 August 2024Nofar's Israeli subsidiary platform focusing on energy solutions in Israel.
• BlueSky UtilityminorStrategic or Co-development Partner · 21 August 2024Nofar's global platform subsidiary for utility-scale renewable projects.
• Sunprime HoldingscoreStrategic or Co-development Partner · 21 August 2024Italian renewable energy producer backed by Nofar Energy and Noy Fund. Sophocles project includes ~200 solar PV plants on industrial rooftops with 350 MW BESS.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BayWa r.e. Global developer, EPC and operator of utility-scale solar, wind, and storage with strong European footprint. Comparable integrated platform spanning C&I rooftops, utility projects, and energy storage.
• Sonnedix: Pure-play international solar IPP with multi-GW operating fleet across Europe and the Americas. Closely comparable ownership-and-operation model without legacy fossil exposure.
• Lightsource bp: Global utility-scale solar and storage developer / IPP headquartered in the UK with a multi-GW pipeline and developer-to-asset-sale model. Most direct comparable to Nofar's develop, finance, and operate solar-plus-BESS platform.
• Encavis: European listed IPP owning and operating utility-scale solar and wind parks. Recently subject to a KKR take-private, framing it as a clean comparable for Nofar's public-market valuation in European renewable IPP.

Emerging players

• Scatec ASA: Norwegian-listed solar, storage, and hydro developer with emerging-market exposure. Comparable mid-cap developer-operator with growing BESS business and project-finance-driven model.
• Harmony Energy: UK-focused BESS developer behind several of the country's largest battery storage projects. Most comparable specialist peer to Nofar's Atlantic Green UK storage franchise.

Broad incumbents

• NextEra Energy Resources: Largest global renewable operator with multi-GW solar pipeline and the world's leading BESS integrator via FPL. Provides the public-market benchmark for utility-scale solar-plus-storage IPP economics and multiple.
• RWE Renewables: European integrated utility rapidly scaling solar and storage across Germany, UK, and Iberia. Overlaps with Nofar's German BESS (Stendal) and standalone UK storage strategy.
• EDP Renováveis: Iberian-headquartered global renewable IPP with multi-GW solar and wind pipeline and growing BESS exposure. Larger incumbent with overlapping utility-scale solar and storage focus in Iberia and Europe.
• Iberdrola Renewables: One of the world's largest renewable developers and operators with deep Spanish presence (same geography as Nofar Spain). Broad incumbent with overlapping utility-scale solar, wind, and BESS exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/NofarEnergy
• YouTubeyoutube.com/@nofarenergy8364
• Facebookfacebook.com/nofar.ene
• LinkedInlinkedin.com/company/nofarenergy
• Instagraminstagram.com/nofar_energy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nofar Energy