Sources inform ''Globes'' that Yehuda Raveh has begun raising money for a new fund that will invest in renewable energy. He plans to raise up to NIS 500 million.
The sources added that Raveh's current fund, Israel Infrastructure Fund (IIF), its CEO Yaron Kestenbaum, and Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) have also decided to enter the renewable energy sector, and are seeking investments in it.
Raveh is already negotiating investments in a number of solar energy companies. At this week's Eilat-Eilot International Renewable Energy Conference and Exhibition, he met with Israel Electric Corporation (IEC) (TASE: ELEC.B22) chairman Moti Friedman, Sunday Nature Power CEO Kobi Dinar, and other executives.
At the conference, Dinar said that Sunday wants to raise NIS 200 million to set up solar energy projects in the Negev, and the meeting with Raveh may have been related to this.
Raveh confirmed the report, telling "Globes", "We're mainly interested in solar and wind energy projects. We're not looking at technology, but at large infrastructure projects, that's our specialization."
Published by Globes [online], Israel business news - www.globes-online.com - on February 19, 2009
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