Energia
Frost & Sullivan Publishes Q4 2018 Update on Energix
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• Revenues for 2018 amounted to NIS 171 million, similar to our forecast of NIS 168 million given in Q2. In 2017, the Company's revenues amounted to NIS 141 million .
The two significant developments during the reporting period were: the connection of projects established in the framework of the first of its type tender in the photovoltaic field in Israel at a capacity of 90 MWp (the company has 94% ownership) progress towards the financial close of four projects with a capacity of 85 MWp in Virginia are advancing along with talks with two US banks regarding binding agreements.
The Aran Project - On February 25, 2019 , the Planning Administration decided to approve the transfer of the project plan for comments and reservations (approval for a conditional license is expected in few months). The Company is updating its estimates regarding the cost of the anticipated investment in the project, which is expected to amount
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- Energix Renewable Energies Ltd. (hereinafter "Energix" or "the Company") is a renewable energy company, currently active in the field of solar (photovoltaics) and wind energies. As one of the largest Israeli Independent Power Producers (IPPs) with activities spanning Israel , Poland and the U.S., the company initiates, develops, constructs and owns long-term renewable energy projects. Once it has secured production rights through government tenders, Energix sells the generated electricity to utility companies who distribute electricity to end users. Today, Energix sells the electricity that is produced by the systems it owns to Israel's Electricity Corporation and in Poland , on the Polish Power Exchange, where its facilities were built under local regulation which supports the establishment of green energy facilities. Energix shares have traded on the Tel Aviv Stock Exchange since 2011.
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Kristi Cekani
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