Nofar Energy Seeks $165 Million for Solar Roofs and Storage Business
Nofar Energy, a company controlled by Ofer Yanai, has put its solar roofs and energy storage division up for sale, with potential buyers having received offers. The business unit includes a portfolio of 1,554 solar installations and storage systems totaling 113 megawatt-hours. The estimated value of this operation is approximately 600 million shekels (about $165 million USD).
This move is considered surprising given Nofar Energy's ongoing expansion in the renewable energy sector and that this division represents a core part of its operations. The company has been actively growing its presence in renewable energy.
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