Ofer Yanai's Nofar Energy Completes Major Investment Deal Ahead of Schedule

Nofar Energy, owned by businessman Ofer Yanai, announced the completion of the second and final stage of an investment agreement with Clal Insurance Group in its subsidiary, Nofar Israel. This phase, finalized earlier than its original October 31, 2026 deadline, saw Clal inject an additional approximately NIS 102 million.

This brings the total investment to about NIS 308 million in exchange for an 18.75% stake in Nofar Israel. The early completion is a key part of Nofar Israel's restructuring efforts ahead of its initial public offering (IPO).

Yanai stated that the deal's completion, along with an impending investment from Meitav Investment House, signifies strong support from leading institutional bodies. This capital infusion is expected to accelerate Nofar Israel's growth and facilitate strategic acquisitions, including those of Reindeer and Highlight, which Yanai believes will unlock significant company value.

Nofar Israel is positioning itself as a leading integrated energy player in the local market, combining green electricity production, energy storage, conventional generation, capital partnerships, and electricity trading. The company currently boasts a project portfolio of approximately 12.3 GW, with 0.2 GW connected to the grid, 3.2 GW under construction or nearing construction, and the remainder in early development stages.