Friendly Energy has installed 70 rooftop solar systems in Israel, like this one in Beersheva.
European companies continue to find interest in photovoltaic (PV) solar projects in Israel. For example, we recently reported about the joint venture between the Spanish multinational Soltec Renewable Energies and Shikun & Binui Solaria to build a solar power plant in Timna, not far from Kibbutz Ketura, where the German multinational Siemens (a part owner of Arava Power Company) is helping to build the first PV field in Israel. Now an Italian energy company, Enerpoint, has acquired the Israeli solar EPC (engineering, procurement and construction) firm Friendly Energy.
Friendly Energy, which will now be known as Enerpoint Israel, has already installed 70 rooftop PV facilities in Israel at commercial and residential sites, and has orders for another 70 PV installations.
Enerpoint, established in 2001, has built PV facilities across Europe with a total capacity for generating 185 MW of electricity. It recorded revenues of €250 million in 2010 and has an orders backlog of €50 million.
As part of the Italian company, Enerpoint Israel will pursue EPC contracts for medium-sized and large PV projects in Israel.
In announcing the acquisition this week, Enerpoint president Paulo Rocco Viscontini said: “We have been examining the Israeli market for 18 months as a business target. We consider collaboration with Friendly Energy as an opportunity to combine forces and capabilities to become a leading player in Israel. We have the capabilities, connections, team, and will to succeed.”
Read more about solar power in Israel: