Arava Power

What Arava Power does

Arava Power is a utility-scale solar PV and battery storage developer-Independent Power Producer (IPP) headquartered in Herzliya, Israel. Founded in 2007 by Ed Hofland and David Rosenblatt, the company pioneered utility-scale PV in Israel, bringing the country's first such project, Ketura Sun (4.95 MWp), into commercial operation in 2011, and it now operates a multi-product renewable energy platform spanning utility-scale PV and storage development, operating-asset management, microgrids (local energy systems), agrivoltaic dual-use projects, and repowering of legacy PV plants. Across Israel and the USA, Arava owns and operates 120 MWp, has 570 MWp built or under construction, and a 2 GW development pipeline that includes 220 MWp of energy storage projects.

The company's business model is anchored in long-term (20-year) Power Purchase Agreements with utilities and corporate energy buyers, supplemented by asset management and operational optimization services across its owned and joint-ventured portfolio. Go-to-market is enterprise field sales targeting utilities, Fortune 100 off-takers, communities, and landowners, with a partnership-based development model that has produced multi-project joint ventures with OCI Energy in Texas (SunRoper 347 MW, La Salle Solar 670 MWdc, plus Sunray 272 MWp under construction) and project-level debt arranged by ING Capital and BHI. Arava monetizes its operational expertise via integration of proprietary asset management methodology, AI-driven diagnostics (via its 2016 investment in RayCatch), and robotic cleaning (via its 2013 investment in Ecoppia), reporting that these systems improve system performance to within 1% resolution and lift margins by up to 50% on operational assets.

Underlying revenue mechanics are project-finance driven: long-duration PPA cash flows from operating assets, development and equity participation economics on JV projects during construction, and recurring asset management fees. The company employs a small team of 11-50 people relative to its multi-GW portfolio, indicating a lean developer-IPP operating model that relies heavily on JV partners and external contractors. As of May 2026, Arava is preparing for an IPO, which would mark a transition point for its capital structure following more than 15 years as a privately held developer and the originator of Israel's utility-scale solar industry.

Name

Arava Power

Legal name

Arava Power

Website

https://aravapower.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Arava Power is a utility-scale solar PV and battery storage developer-IPP that develops, owns, and operates multi-GW renewable energy projects in Israel and the USA under 20-year PPAs with utilities and corporate energy buyers.

Ownership category

akta.pro rank

NAICS

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

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE), Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB)

Keywords

• Utility-scale solar
• Renewable energy development
• Solar photovoltaic systems
• Battery energy storage
• Power purchase agreements

Headquarters

HQ city

Eilot

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Purchase Agreements (PPAs): Revenue generated from long-term Power Purchase Agreements with utilities, Fortune 100 companies, and energy buyers. The company secures 20-year PPAs for its utility-scale solar projects, providing steady cash flow from operational projects.
2. Asset Management Services: Revenue from maintaining and optimizing performance of operational solar assets, including operational efficiency improvements, contract monitoring, refinancing, and technology integration.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Arava Power is a utility-scale renewables Developer-IPP that develops, constructs, owns, and operates utility-scale solar photovoltaic (PV) projects and battery energy storage systems (BESS) in Israel and the USA. The company sells electricity through long-term Power Purchase Agreements (PPAs) to utilities and corporate energy buyers, and additionally offers asset management, microgrid, agrivoltaic, and repower services. Its portfolio spans over 120MWp of owned operating systems, 570MWp built or under construction, and a 2GW development pipeline.

Product overview

Arava Power is a utility-scale renewables Developer-IPP (Independent Power Producer) that pioneered Israeli utility-scale PV in 2007. The company operates a multi-product portfolio spanning: (1) Utility Scale PV & Storage — core projects from greenfield development through construction to operation; (2) Operating Assets — owned and managed PV plants (120MWp) using AI-driven performance optimization; (3) Local Energy Systems (Microgrids) — distributed grid architecture combining generation, storage, and EV charging; (4) Agrivoltaic — dual-use solar-agriculture projects; and (5) Repower — retrofit/upgrading of aging solar plants with newer technology. Geographically, the portfolio includes operational projects in Israel (Ketura Sun, Yotvata Sun, Elifaz Sun, Grofit Sun, Shoval Sun, Maslul Sun, Ketura Solar, Ein Evrona, and Others totaling ~120MWp), a 272 MWp project under construction in the USA (Sunray), and a 2GW development pipeline. The company also holds significant energy storage projects (220MWp under development) and is expanding into the US market through joint ventures with OCI Energy on large utility-scale projects including La Salle Solar (670 MWdc) and SunRoper (347 MW).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Increase profit margins by as much as 50% for operational assets
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

One partnership is on record.

• OCI EnergycoreStrategic or Co-development Partner · 15 May 2026OCI Energy and Arava Power have partnered on multiple utility-scale solar projects in Texas, including the 670 MWdc La Salle Solar project in La Salle County (50/50 joint venture) and the 347 MW SunRoper project in Wharton County. Both projects involve joint financing, construction, ownership, and operation. The partnership represents deepening strategic collaboration focused on scaling utility-scale solar infrastructure in Texas.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Recurrent Energy: Recurrent Energy is a utility-scale solar developer and IPP owned by Canadian Solar, with multi-GW pipelines in the US and globally. It is directly comparable to Arava as a PV project developer that finances, builds, owns, and operates utility-scale solar farms under long-term PPAs, often through joint ventures.
• Clearway Energy: Clearway Energy owns and operates utility-scale solar and storage assets in the US under long-term PPAs with corporate and utility offtakers. It is a clean comp for Arava's IPP model, offering direct visibility into how the market values contracted solar+storage cash flows.
• Cypress Creek Renewables: Cypress Creek Renewables is a US-focused utility-scale solar developer and IPP with multi-GW pipelines financed through tax-equity and project debt structures. Its development and PPA model is highly comparable to Arava's US Texas expansion via SunRoper and La Salle JVs.
• OCI Energy: OCI Energy is Arava's 50/50 JV partner on the SunRoper (347 MW) and La Salle Solar (670 MWdc) projects in Texas, and itself develops, finances, and operates utility-scale solar and storage assets in the US. Its project model is identical to Arava's, making it the most direct operational peer.
• Lightsource bp: Lightsource bp is a global utility-scale solar developer and IPP active across the US, Europe, and emerging markets, with multi-GW pipelines and long-term PPAs with corporate offtakers. It is directly comparable in development model, offtake structure, and geographic ambition.

Broad incumbents

• Enel Green Power: Enel Green Power is one of the world's largest renewable IPPs, with significant utility-scale solar and storage capacity across the Americas and EMEA. While much larger, its project development, construction, and PPA-driven revenue model directly parallels Arava's IPP strategy.
• Boralex: Boralex is an established IPP developing, building, and operating utility-scale renewable energy projects (solar, wind, storage) with long-term PPAs in North America and Europe. Its mix of operating and development assets and corporate PPA focus is broadly comparable to Arava's growing US portfolio.
• EDF Renewables: EDF Renewables develops, builds, and operates utility-scale solar and storage projects globally, including US pipelines anchored by long-term PPAs. As a broad incumbent within a major utility parent, its project economics and counterparty profile closely resemble Arava's utility-scale focus.
• SunPower (commercial / TotalEnergies unit): SunPower's commercial-scale and utility segments develop, finance, and own large solar projects under PPAs. As a broad incumbent with deeper US residential exposure, it overlaps with Arava on utility-scale project development and PPA economics.

Regional players

• Doral Energy: Doral Energy (Israel) is a domestic Israeli renewable energy developer with utility-scale PV projects in Israel, overlapping Arava's Israeli operating fleet and regional permitting expertise. It is a regional peer sharing the same domestic market as Arava.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AravaPower
• Facebookfacebook.com/AravaPower
• LinkedInlinkedin.com/company/1184167

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Arava Power