Jerusalem, 16 October, 2026 (TPS-IL) — Nofar Energy, an Israeli renewable energy company based in Ashdod and established in 2012, has completed a deal in Romania worth €82 million ($92 million), marking another step in its international expansion. The company specializes in solar power and energy storage.
Nofar is chaired and was founded by Ofer Yannay, who holds approximately 28.33% of the company. Nadav Tana serves as chief executive officer. The Romanian transaction strengthens the company’s presence in the European energy market, where demand for renewable electricity and storage infrastructure continues to drive investment.
The deal underscores the growing international reach of Israeli energy companies as they pursue opportunities beyond the domestic market.
