On September 19, 2025, Nofar Energy, through its wholly owned subsidiary Nofar USA, announced the acquisition of a solar development portfolio exceeding 1 GW across multiple U.S. markets. The portfolio was secured through a combination of acquisitions and exclusive development agreements finalized in August 2025, with the official announcement coming a month later. Although the deal value has not been disclosed, this transaction marks a major milestone in Nofar USA’s efforts to strengthen its presence in the U.S. renewable energy sector and accelerate its long-term growth strategy.

The newly secured portfolio includes a mix of utility-scale and distributed generation projects that are spread across several leading U.S. energy markets, including PJM (Pennsylvania-New Jersey-Maryland Interconnection), SPP (Southwest Power Pool), and ERCOT (Electric Reliability Council of Texas). These projects are at various stages of development, ranging from early planning phases through ready-to-build status, with commercial operations expected to commence between 2026 and 2029. By securing this capacity, Nofar USA not only diversifies its geographic reach but also aligns its growth with an ITC safe harboring strategy that supports long-term investment stability.

This acquisition significantly enhances Nofar USA’s renewable energy pipeline, which is already reinforced by a contracted storage pipeline of 1.2 GWh under development. The integration of solar and storage is central to the company’s approach, allowing it to deliver cleaner, more reliable energy while addressing critical grid needs such as stability and flexibility. With its combined portfolio, Nofar USA is positioning itself as a key player in the transition toward a decarbonized energy system in the United States.

Beyond capacity additions, Nofar Energy emphasizes stakeholder engagement, environmental stewardship, and the optimization of project design to maximize benefits for local communities. This approach ensures that its projects not only contribute to the clean energy transition but also generate long-term social and economic value.

The acquisition reflects Nofar Energy’s broader strategy of scaling its clean energy portfolio and investing in markets with strong renewable growth potential. As the U.S. continues to accelerate toward ambitious climate and clean energy targets, Nofar’s expansion highlights its commitment to innovation, sustainability, and leadership in the global renewable energy sector.

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