About Nofar Energy
Company Overview
Nofar Energy Ltd., publicly traded company
HeadquartersKfar Saba, Israel
Founded2011
SizeApproximately 200 employees globally (source: nofar-energy.com). Market capitalization of about $993 million and trailing twelve-month revenue of $82.3 million as of March 2025 (source: pitchbook.com).
What They Do
Nofar Energy is a multinational renewable energy company specializing in the development, financing, construction, ownership, and operation of solar photovoltaic and battery energy storage assets across Israel, Europe, and the United States (source: wikipedia.org). Their portfolio spans ground-mounted solar parks, commercial and industrial rooftop solar systems, floating solar installations on reservoirs, and utility-scale battery storage projects (source: nofar-energy.com). The company operates through multiple segments including solar initiation and investment, engineering, procurement and construction (EPC), operations and maintenance (O&M), and renewable energy asset management both domestically and internationally (source: reuters.com). Nofar Energy’s business model emphasizes a geographically diversified approach and a combination of project development and asset ownership, distinguishing it from pure developers by maintaining connected and under-construction solar and storage capacity across multiple territories (source: ir.nofar-energy.com).
Projects & Track Record
Nofar Energy’s portfolio includes some of the largest solar projects in Europe and Israel. Notably, the Ratesti solar park in Romania is the largest ground-mounted solar project in the country, with a capacity of 155 MW and a construction cost of 98 million euros (source: nofar-energy.com). In Spain, the Olmedilla solar project has been operational since July 2022, delivering 169 MW with a construction cost of 130 million euros, while the adjacent Sabinar project comprises multiple phases totaling 278 MW (source: nofar-energy.com). The company leads the Israeli floating solar market with over 100 MW of projects nationwide, demonstrating innovation in reservoir-based solar generation (source: nofar-energy.com). For energy storage, Nofar developed the Cellarhead project in the UK, the country’s largest energy storage facility with a grid connection capacity between 300 and 349 MW and a two-hour duration design (source: wikipedia.org). Overall, the company reports 1,741 MW of connected and ready-to-connect solar projects and 3,438 MWh of energy storage capacity across connected, under construction, and planned projects globally (source: ir.nofar-energy.com).
Recent Developments
In 2026, Nofar Energy’s board approved a process to pursue a dual listing on the Nasdaq stock exchange, signaling ambitions to expand its capital market presence internationally (source: globes.co.il). Earlier in March 2026, Nofar USA completed a significant acquisition of 1 GW of solar assets from Pine Gate Renewables, reinforcing its growth strategy in the U.S. market (source: prweb.com). The U.S. subsidiary also expanded its development pipeline to include over 1 GW of solar projects and a 1.2 GWh portfolio of energy storage projects under development (source: nofarusa.com). Additionally, in May 2025, Nofar acquired a 350 MW portfolio of energy storage assets in Texas, aligning with its strategic focus on utility-scale storage expansion in the United States (source: pitchbook.com).
Working There
Nofar Energy employs approximately 200 people worldwide, with headquarters in Kfar Saba, Israel, and operational presence across Europe and the United States (source: linkedin.com). The company’s workforce spans a variety of roles including project development, project finance, engineering, procurement and construction (EPC), operations and maintenance, asset management, legal, corporate development, and market-entry teams focused on solar and battery storage expansion (source: nofar-energy.com). Nofar’s global footprint includes projects and offices in countries such as Israel, Italy, Spain, Romania, the UK, Germany, Greece, and Poland, reflecting a diverse and international work environment (source: energyindustryreview.com). The company’s growth in utility-scale storage and commercial & industrial solar sectors, particularly in the U.S. and Europe, suggests ongoing recruitment and career opportunities in these dynamic renewable energy markets (source: nofarusa.com).
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