Nofar Energy and Electrum to form a joint venture.

Nofar Energy, an Israel-based green energy company, and Electrum, a Polish independent power producer, agreed to form a joint venture. Financial terms were not disclosed. “As part of implementing our strategic plan for expanding our global traction, we devoted the past few months to in-depth studying of the Polish market and careful assessment of several alternatives for starting operations there. As a result, we chose to establish a joint venture with Electrum because of its extensive renewable energy experience, proven capabilities in developing and setting up complex infrastructure projects, and the high level of its executives and workers," Nadav Tenne, Nofar Energy CEO.