ENERGY

The Israeli solar energy inverter systems company’s share price is down sharply despite good second quarter results.

The Israeli renewable energy company has also been boosted by major tax benefits in the US and a huge deal to provide Google with energy for its data centers.

Phoenix will invest NIS 234 million for a 7.2% stake and convert financing to raise the stake to 12.4%.

The tariff paid to owners of solar roofs - NIS 0.48 to NIS 0.54 per kilowatt-hour - could fall to NIS 0.35 for those who install panels from next year.

Price controlled 95 octane gasoline at self-service pumps in Israel will rise above NIS 8 per liter due to higher global oil prices and the weakening of the shekel.

Nofar will pay the Phoenix NIS 711 million and a further NIS 144 million to the private owners.

The NIS 4.45 billion deal will make Generation Capital subsidiary PowerGen one of the largest energy companies in Israel - if regulatory hurdles can be overcome.

The Electricity Authority's decision to suspend allocation of power connections exposes the shortcomings of Israel's power infrastrucutre.

The Dayan Committee's interim conclusions on gas policy were issued in April 2025 but no final report has yet been published.

The Authority suspended the grant of permits for 140 days, after applications reached 27,000 megawatts.

The procedure for moving high-tension lines will be made simpler, which will make it easier to construct solar installations where land is cheap.

Keystone unit Keystone Power has signed a term sheet for a NIS 2 billion credit line.

The Israel Citizens Fund is now expected to take in $60-75 billion by the time Israel's natural gas reservoirs are empty.

The fall in price is due to lower oil prices on international markets but the decline has been moderated by the weakening of the shekel against the dollar.

The finance comes from seven global financial institutions. Revenue in the first full year of operation will be $255 million.

The Israel Electric Corp. has been reprimanded for failing to collect the fees over the past five years, some of which will now be rolled on to the public.

The consortium won exploration rights in the block in October 2023, but due to the outbreak of war, they only officially took the license in March 2025. Exploration is now slated to start in September.

The Tamar field is Israel’s second largest in terms of gas reserves but is now the largest in terms of production.

Keystone Fund has bid NIS 4.35 billion after last month Generation Capital bid NIS 4.2 billion.

NewMed Energy is trying to reopen the agreement with the Ministry of Energy and Infrastructure because of the strengthening of the shekel against the dollar.

The fall in price is due to the strengthening of the shekel and lower prices on international markets.

A new law to be enacted by Turkey next month could thwart the huge underwater power cable project by annexing economic waters claimed by Greece.

The third pipeline has increased annual gas production capacity from 12 BCM to 15.8 BCM, well above the 14 BCM, which was forecast, Leviathan partners report.

Dalia has signed the 20-year deal with Leviathan partners NewMed and Ratio with reservoir operator Chevron conspicuously absent.

Israeli solar energy inverter systems company SolarEdge Technologies saw its share price jump 44.4% in the final two days of trading last week, giving a market cap of $3.8 billion.

The surprise announcement that Israel will supply jet fuel to Germany contradicts Transport Minister Patrick Schnieder’s statements that his country has sufficient kerosene.

Abu is leaving after 15 years to take advantage of the opportunities in the regional and global market.

The field will cover 3,000 dunams near Dimona and produce electricity with a capacity of 265 megawatts, at the lowest price ever in Israel: NIS 0.06.5 per kWh.

The companies will investigate setting up an R&D center and pilot facility for testing nuclear fusion systems for essential water and wastewater infrastructure.

Previous expectations had been for a much sharper rise at the start of May as the price of oil on world markets has continued to climb over the past month.