Israeli renewable energy leader Nofar Energy has acquired a 67% stake in Blue Sky Utility for $91 million, marking its entry into the U.S. market. Blue Sky Utility, based in California, specializes in developing and managing commercial solar and storage solutions. This partnership strengthens both companies' commitment to scaling clean energy in the commercial and industrial sectors, leveraging their shared expertise in solar energy and storage for long-term growth.
Nofar Energy, a public company traded on the TASE, initiates, builds and operates renewable and energy storage projects around the world.
Nofar’s constant ambition is to help the world reach the goal of zero emissions by 2050 through green and clean renewable energy – replacing old, expensive and polluting energies.
Since Nofar was founded 10 years ago by entrepreneur and businessman Ofer Yannay, it has been growing rapidly and consistently.
Nofar employs 170 of the best renewable energy workers in 7 countries around the world: Israel, USA, UK, Spain, Romania, Poland and Italy.
Nofar utilizes advanced technologies in groundbreaking solar projects, thereby enabling countries to reach a more effective, environmental, and stable energy market.
BlueSky Utility is an innovative clean energy developer/owner providing renewable energy solutions for businesses. We serve as the United States Territory arm of Nofar Energy and specialize in solar, energy storage and microgrid systems.
Nofar Energy is a trusted renewable energy developer with 872MW of solar and 1024MWh of battery storage connected, under construction and/or ready to be constructed worldwide.
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