Airengy signs framework deal with Nofar Energy for solar and storage projects

By AI, Created 3:26 PM UTC, May 27, 2026, /AGP/ – Airengy has signed a framework agreement with Nofar Energy Israel for seven solar-plus-storage projects in Israel, with potential construction revenue of about ILS 200 million. The deal expands Airengy’s push into smart EPC work and could also open the door to equity participation in some projects.

Why it matters: - The framework deal gives Airengy a larger role in Israel’s renewable buildout, with work spanning solar installations and energy storage. - The agreement could add a meaningful construction pipeline, with potential consideration for Airengy reaching about ILS 200 million. - The deal also supports Airengy’s shift from a technology-focused company toward a broader energy platform with development, EPC, storage and power-generation capabilities.

What happened: - Airengy signed a framework agreement with Nofar Energy Israel Ltd. for a joint venture covering solar installations on sports courts and parking lots, combined with energy storage systems. - Airengy will serve as a “smart” EPC contractor on the projects. - Airengy will handle design, licensing, procurement, construction, grid connection and project completion. - The two companies will also examine cooperation at the development level. - Under that possible structure, Airengy may join some projects as an equity partner.

The details: - The first phase covers seven projects. - The projects have a cumulative solar capacity of about 22.15 MWp. - The projects also include cumulative storage capacity of about 225.68 MWh. - Potential consideration to Airengy for the construction work on these projects may reach about ILS 200 million. - Execution depends on detailed binding agreements for each project, regulatory permits and approvals, and financing arrangements. - The Nofar deal follows Airengy’s acquisition of GreenGo’s EPC operations and the hiring of Mor Yigali, formerly a senior executive at Doral Energy, to lead development and project activity in Israel.

Between the lines: - Airengy is building a larger presence in Israel by adding in-house development and execution capabilities rather than relying only on third-party construction work. - The company is also pushing deeper into Europe, where it has acquired a 34 MW portfolio in Poland and is seeking financing for expansion in Poland and Italy. - Airengy continues to market its CAPP, or Compressed Air Power Plant, technology for long-duration storage and has signed several memorandums of understanding for compressed-air power stations in Europe. - Chairman Maj. Gen. (res.) Yiftah Ron Tal said the agreement strengthens Airengy’s position in renewable energy and storage. - CEO Tal Raz said Airengy is building a “smart” EPC arm that combines engineering, design and entrepreneurial capabilities in-house.

What’s next: - Airengy and Nofar Energy will work toward detailed project agreements. - The projects still need permits, approvals and financing before execution can move forward. - Airengy said it is evaluating additional partnerships in development, design and construction in Israel. - Airengy is also advancing European partnerships tied to commercialization of its CAPP long-duration storage technology.

The bottom line: - Airengy is using the Nofar deal to scale its Israel operations while keeping one foot in Europe, storage technology and long-term project development.