An Israel-based global provider of solar PV inverter systems.
The company’s solar systems have been installed in the Shdemot Mehola and Petza’el solar fields, in the settlements of Shdemot Mehola and Petza’el in the Jordan Valley, occupied West Bank.
The Shdemot Mehola solar project was initiated in 2015, taking up approximately 50 dunams of occupied Palestinian land with a capacity of 5 megawatts. According to the CEO of MGA Energy Solutions, the EPC contractor for Shdemot Mehola, the solar systems installed in the project include 15,624 solar panels and 4 inverter rooms with 282 solar inverters manufactured by Solaredge. The inverters enable the individual monitoring and operation of each solar panel.
The Petza’el solar field generates 630kW of electricity a year.
The company is a supplier to Israel Prison Service and the Israeli Ministry of Public Security.
Date of Reposnes: September 1, 2016
“Please note that as a leading provider of intelligent inverter solutions, we sell our products to distributors worldwide. We are not an installer and are not involved in installation projects. As a publicly traded Company (NADSAQ: SEDG), SolarEdge Technologies, Inc. complies with U.S. and Israeli laws and except for specific limitations imposed on selling into certain black listed countries, we do not limit our distributors in their resale of our products. As such, we do not control where they are installed and are not involved in the construction of said site. Our products are installed in more than 90 countries and are instrumental in generating an optimal amount of solar energy from solar panels, further reducing the need to burn fossil fuels and helping create a cleaner environment.”
Major shareholders: BlackRock, Inc. (8.05%), All directors and executive officers as a group (1.17%)
The company is publicly traded on the NASDAQ stock exchange under the ticker symbol SEDG.
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