Generations

Solaer at a Glance

With around 430 MW of projects realized to date or currently being under construction and a project pipeline of 820 MW, Solaer is one of the most successful developers of photovoltaic power plants in Israel.

The company specializes in locating at an early stage untapped market segments and deploying an innovative development strategy that allows Solaer to secure a substantial market share ahead of market trends. At the same time, the company retains its abilities as an EPC contractor and operator of PV projects, both in ground-mounted and rooftop projects, maintaining the insight into technical trends, as well as streamlining the construction process and cost structure in its own developments.

Solaer is one of the leading companies of renewable energy in Israel. It has proven on a number of occasions its ability to anticipate early trends in the evolving renewable energy industry in Israel and successfully secure a substantial share in the market.

Growth Strategy. Solaer is changing its strategy from a develop-to-sell to a develop-to-hold model, aiming to secure long-term income for the company from the possession of assets, although Solaer will continue to sell minority shares to monetize part of its development gains.

Since realization of the management buyout in 2017, when Solaer Israel Ltd. became independent from its Spanish mother company, Solaer has created an asset basis of a value of around NIS 196m.

With the steadily increasing appetite of the Israeli government for solar power, due to the reduced cost of renewable energy generation and the commitments made to the OECD, Solaer identifies a significant potential within the broader renewable energy context for projects in Israel, which forms an integral part of its growth strategy. Furthermore, Solaer has secured the rights for 450 MW of PV projects in Spain and is developing a 160 MW hybrid PV pumped storage project in Israel (“Project Ayit”), which forms the core of its development pipeline for the years 2020 to 2022.

Solaer Israel Ltd. is a private renewable energy company founded in July 2009 as a subsidiary of the Spanish renewable energy group Solaer. To date, the company realized and developed more than 120 projects with an aggregate power of 400 MW and total cost of USD 700m. Solaer specializes in innovative development, design and engineering, construction management, and operation of renewable energy systems. Since 2015 Solaer is under full management control of the Israeli management team. The management buy-out was concluded at the end of 2017. Since the financial reporting year 2018, Solaer Israel Ltd. became a fully independent company.

With the steadily increasing appetite of the Israeli government for solar power, due to the reduced cost of renewable energy generation and the commitments made to the OECD, Solaer identifies a significant potential within the broader renewable energy context for projects in Israel, which forms an integral part of its growth strategy. Furthermore, Solaer has secured the rights for 450 MW of PV projects in Spain and is developing a 160 MW hybrid PV pumped storage project in Israel which forms the core of its development pipeline for the years 2020 to 2022.

  1. Grid parity PV projects in Israel.
  2. Ready To Build Wind & PV projects in EU Countries.
  3. Hybrid Pumped Storage Projects.

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