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Live Terminal
By מערכת ice
Economy07:15 · 1h ago

Nextcom Unit Partners with UDIAN to Develop Balkan Renewable Energy Projects

Ice
Translated & summarized from Ice by baba
The story · English

Nextcom's subsidiary, CRE Entrepreneurship, has signed a strategic cooperation agreement with UDIAN, owned by businessman Udi Angel. The partnership aims to initiate, develop, and establish renewable energy and battery energy storage system (BESS) projects across the Balkan region.

The initial phase of the collaboration will involve the joint establishment of five projects in Serbia and North Macedonia, with a total capacity of approximately 300 megawatts. These projects have already received preliminary approvals for connection to the local power grids. The partnership is structured as an equal share venture.

Nextcom will contribute its engineering and operational expertise, while UDIAN will lead the financing arrangements. This move marks Nextcom's first entrepreneurial venture outside of Israel, leveraging its extensive experience gained domestically.

The expansion into international markets follows a period of positive momentum for Nextcom. The company reported a 7.8% increase in revenue for the second quarter of 2026, reaching approximately NIS 123.8 million.

Guy Israeli, CEO of Nextcom Group, stated that the agreement combines the company's engineering capabilities with Angel's financial strength, creating a significant foundation for identifying and developing future opportunities.

Read the original at Ice

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