Powergen Solar A (formerly Solegreen)
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פאוורג'ן סולאר איי בע״מ
Head office: HaTahana St 1, Menivim Tower, Kefar Sava 4453001, Israel Tel.: +972-73-7895160 Website: www.solegreen-group.com
A publicly traded Israeli company active in the initiation, development, construction and management of renewable energy projects.
In March 2023, the company was certified to prepare infrastructure plans for energy storage projects and submit them to the Israeli National Committee for Planning and Construction of National Infrastructures. Under this decision, the company will work in the Kedmat Tzvi settlement area in the occupied Syrian Golan.
In January 2022, the Israeli ministries of Energy and Agriculture & Rural Development announced a pilot project to test solar electricity generation on active agricultural land, covering 1,800 dunams. In 2023, as part of this project, the company won three tenders to establish agro-voltaic facilities on 45 dunams of agricultural land in Neot Golan and in Kedmat Zvi settlements in the occupied Syrian Golan. Additionally, in 2022, the company won four tenders to establish agro-voltaic facilities at four sites located within the same two settlements in the occupied Syrian Golan.
In 2023, the company announced a backlog of rooftop projects in a settlement of the occupied West Bank, with a total installed capacity of 8.6 MW. While construction of which has been completed.
In November 2019, the company signed a cooperation agreement with Lumisun Ltd. to initiate, plan, finance, build, and operate ground-based photovoltaic electricity facilities in the Jordan Valley in the occupied West Bank.
In January 2023, the company won two tenders from the Israel Land Authority to lease 2,800 dunams of land in Naot Hovav and Ramat Beka in the Naqab area for solar projects with a combined capacity of 520 megawatts and additional storage batteries of 940 megawatts. The project entails the forced displacement of Bedouin families in the Ramat Beka area, and an evacuation order has already been issued. However, the company withdrew from both tenders for strategic reasons. For further information on Solar Energy Production in The Naqab, see Greenwashing Dispossession: The Israeli Renewable Energy Industry and the Exploitation of Occupied Natural Resources
A publicly traded Israeli company active in the initiation, development, construction and management of renewable energy projects.
In March 2023, the company was certified to prepare infrastructure plans for energy storage projects and submit them to the Israeli National Committee for Planning and Construction of National Infrastructures. Under this decision, the company will work in the Kedmat Tzvi settlement area in the occupied Syrian Golan.
In January 2022, the Israeli ministries of Energy and Agriculture & Rural Development announced a pilot project to test solar electricity generation on active agricultural land, covering 1,800 dunams. In 2023, as part of this project, the company won three tenders to establish agro-voltaic facilities on 45 dunams of agricultural land in Neot Golan and in Kedmat Zvi settlements in the occupied Syrian Golan. Additionally, in 2022, the company won four tenders to establish agro-voltaic facilities at four sites located within the same two settlements in the occupied Syrian Golan.
In 2023, the company announced a backlog of rooftop projects in a settlement of the occupied West Bank, with a total installed capacity of 8.6 MW. While construction of which has been completed.
In November 2019, the company signed a cooperation agreement with Lumisun Ltd. to initiate, plan, finance, build, and operate ground-based photovoltaic electricity facilities in the Jordan Valley in the occupied West Bank.
In January 2023, the company won two tenders from the Israel Land Authority to lease 2,800 dunams of land in Naot Hovav and Ramat Beka in the Naqab area for solar projects with a combined capacity of 520 megawatts and additional storage batteries of 940 megawatts. The project entails the forced displacement of Bedouin families in the Ramat Beka area, and an evacuation order has already been issued. However, the company withdrew from both tenders for strategic reasons. For further information on Solar Energy Production in The Naqab, see Greenwashing Dispossession: The Israeli Renewable Energy Industry and the Exploitation of Occupied Natural Resources
Powergen Solar A (formerly Solegreen)
פאוורג'ן סולאר איי בע״מ
Head office: HaTahana St 1, Menivim Tower, Kefar Sava 4453001, Israel
Tel.: +972-73-7895160
Website: www.solegreen-group.com
A publicly traded Israeli company active in the initiation, development, construction and management of renewable energy projects.
In March 2023, the company was certified to prepare infrastructure plans for energy storage projects and submit them to the Israeli National Committee for Planning and Construction of National Infrastructures. Under this decision, the company will work in the Kedmat Tzvi settlement area in the occupied Syrian Golan.
In January 2022, the Israeli ministries of Energy and Agriculture & Rural Development announced a pilot project to test solar electricity generation on active agricultural land, covering 1,800 dunams. In 2023, as part of this project, the company won three tenders to establish agro-voltaic facilities on 45 dunams of agricultural land in Neot Golan and in Kedmat Zvi settlements in the occupied Syrian Golan. Additionally, in 2022, the company won four tenders to establish agro-voltaic facilities at four sites located within the same two settlements in the occupied Syrian Golan.
In 2023, the company announced a backlog of rooftop projects in a settlement of the occupied West Bank, with a total installed capacity of 8.6 MW. While construction of which has been completed.
In November 2019, the company signed a cooperation agreement with Lumisun Ltd. to initiate, plan, finance, build, and operate ground-based photovoltaic electricity facilities in the Jordan Valley in the occupied West Bank.
In January 2023, the company won two tenders from the Israel Land Authority to lease 2,800 dunams of land in Naot Hovav and Ramat Beka in the Naqab area for solar projects with a combined capacity of 520 megawatts and additional storage batteries of 940 megawatts. The project entails the forced displacement of Bedouin families in the Ramat Beka area, and an evacuation order has already been issued. However, the company withdrew from both tenders for strategic reasons. For further information on Solar Energy Production in The Naqab, see Greenwashing Dispossession: The Israeli Renewable Energy Industry and the Exploitation of Occupied Natural Resources
Ownership
The company shares are fully controlled by Generation Capital Ltd which is an Israeli infrastructures investment fund publicly listed on the Tel Aviv Stock Exchange under the ticker symbol GNRS.
Generation capital Ltd. Shareholders include: Migdal Insurance and Financial Holdings Ltd (12.77%), The Phoenix Holdings Ltd (7.68%), Clal Insurance Enterprise Holdings Ltd (7.58%), Menora Mivtachim Holdings Ltd (6.93%), Harel Insurance Investments & Financial Services Ltd (6.05%), Generation Management Ltd (2.38%).
Chairman and CEO: Yoav Har Even
Subsidiaries
International subsidiaries: Renewable Energies - Abroad Ltd (100%), Solegreen USA (100%), Solegreen Italia S.R.L. (100%), SG Renewable Energy S.R. L (100%), Kubbix Global LLC (92.2%), TRI Sol GmbH (90%), Sole Verde S.a.s della Praetorian SRL (85%), Maniago Solar S.R.L (73.1%), Felonica Solar S.R.L (72.25%), Montenero SV S.R.L 72.25%), Ecoera Renewables PC (42.5%).
Israeli subsidiaries: LG Rooftops Solar Systems Ltd (100%), Odem Enlight Limited Partnership (100%), Meniv Companies Small Systems (100%), Solegreen M.A. Ltd (100%), Solegreen Energy and Trade LP (100%), Solegreen Energy Financing 2 Ltd (100%), Nova Sofa Ltd (100%), Nova Solar Ltd (100%), Solegreen Lumisun Development and Entrepreneurship (85%), Greenday Renewable Energy Ltd (82.5%), Nova Sde Nahum Solar Energy Limited Partnership (74%), Greenday Energy 2 Projects Limited Partnership (68%), Solegreen Rooftops Limited Partnership (66.7%), Nova Sde Nahum Solar Coops Limited Partnership (60%), Sade Yoav Nova LP (60%), Solgreen Menorah Limited Partnership (56%), Kfar Hanasi Renewable Energy LP(51.76%), Solegreen Smart Energy Limited Partnership (51%), Neve Miftah Solegreen Solar Energy Limited Partnership (50.37%), Zarhia Solegreen Solar Energy Limited Partnership (50.37%), Shoval Solegreen Solar Energy Limited Partnership (50.37%), Nova Hasolilim Energy LP (50%), Hasolilim Solegreen Solar Energy LP(50%), Neot Smadar Renewable Energy Limited Partnership (41.51%), Greenday Bikoria (41.51%), Greenday Nir Etzhak Solar Energy Limited Partnership (39.27%), Nova Bar Moran Solar Rooftops LP (35%) Solegreen Amir Projects Limited Partnerships(22.24%).
Partners
Tricera Energy, Eranovum, Enlight Renewable Energy, Rami Levi Hashikma Marketing, Menorah Mivtahim Holdings, Bezeq, Mekorot- Israel National Water Corporation
* This section refers to the company's general business partners