Nofar Energy has signed a non-binding Memorandum of Understanding (MoU) with Meitav Investment House for a proposed investment of approximately 200 million Israeli shekels (NIS). Under the proposed agreement, Meitav is expected to acquire an 8.7% equity stake in Nofar Israel.
The planned investment values Nofar Israel at a post-money valuation of around 2.3 billion NIS. According to the company, this represents a significant increase in its valuation compared to January 2026, reflecting the progress achieved through its ongoing renewable energy development activities and strong project execution.
Nofar Energy attributed the increase in valuation to several recent operational milestones. The company has advanced grid connection approvals covering more than 0.8 GWh of projects planned for 2027. It has also secured positive grid connection responses for an additional 0.7 GWh of capacity while continuing to expand its pipeline of renewable energy projects under development.
The proposed partnership with Meitav, one of Israel’s leading investment institutions, is expected to support Nofar Energy’s future growth plans. The company said the investment demonstrates confidence in its business strategy, execution capabilities, and long-term growth prospects in the renewable energy sector.
The MoU is non-binding, and the proposed investment remains subject to the completion of definitive agreements and the fulfillment of customary conditions before the transaction can be finalized.
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