Nofar USA to acquire a portfolio 1GW of utility-scale solar projects from PINE GATE RENEWABLES for $285m.

Nofar USA, a company specializing in solar and energy storage development, agreed to acquire a 1 GW portfolio of utility-scale solar projects from Pine Gate Renewables, a developer and owner-operator of utility-scale solar and energy storage projects, for $285m. "This transaction represents a key milestone in building Nofar USA into a scaled, institutional-grade platform in the U.S. power market," Allon Raveh, Nofar USA Chairman and CEO.