News

| Clean-tech
June 1st, 2016

Gornitzky represented IPM Beer Tuvia in an agreement for the purchase of natural gas  from the Leviathan project JV for an aggregagte amount of appx. USD 3 billion 

Gornitzky represented IPM Beer Tuvia in an agreement for the purchase of natural gas from the Leviathan project JV for an aggregagte amount of appx. USD 3 billion for a 430MW power plant, which will be built in Beer Tuvia. Construction costs are estimated to be about USD 400 million.In addition, our firm provides ongoing legal advice, regarding the construction, operation and financing of the plant.

 

See related article in TheMarker (Hebrew)

 

IPM is represented by Jack Smith (Partner), Dubi Gross (Partner) and Moshe Krieger.

August 29th, 2012

Gornitzky & Co. represented Bank Hapoalim B.M. in the NIS 30 million financing transaction of a 3 megawatt photovoltaic power plant in Israel.

Gornitzky & Co. represented the Project Finance Department of Bank Hapoalim B.M. in a transaction valued at approximately NIS 30 million, for the financing of the design, development, construction and operation of a 3 megawatt photovoltaic power plant in Israel.

 

Bank Hapoalim B.M. was represented by Mr. Eli Elya (Partner), Ms. Editte Galli Heyne (Partner) and Ms. Arielle Ruimi.

October 11th, 2011

Gornitzky & Co. represented Ketura Sun, a subsidiary of Arava Power Company Ltd. (of the Siemens group) in obtaining a permanent production license for a solar field, the first license of its kind to be granted in Israel.

Gornitzky & Co. represented Ketura Sun, a subsidiary of Arava Power Company Ltd. (of the Siemens group) in obtaining a permanent production license for a medium-sized solar field, the first license of its kind to be granted in Israel.

 

The Public Utility Authority granted Ketura Sun's facility the country’s first permanent production license for a solar field, following 11 other provisional licenses that were granted to Arava Power Company. The sum of investments in these energy projects is approximately USD 300 million.

 

Mr. Jack Smith (Partner) and Ms. Hagar Alon-Windman (Partner) led the representation.

June 23rd, 2013

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd. in their win of a BOT tender for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd., a company equally held by Shikun & Binui - Renewable Energy Ltd. (TASE: SKBN) and a subsidiary of Spain's Abengoa Solar S.A., in their win of a BOT tender published by the Government of Israel for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

 

The planned concentrated solar power plant is expected to operate as a parabolic trough plant with 4.5 hours of thermal energy storage. Electricity generated in the plant will be purchased by Israel Electricity Corporation over a 25 year power purchase agreement.

 

Negev Energy was represented by Itay Geffen (Partner), Dubi Gross (Partner), Moshe Krieger, Imri Kozak and Arielle Ruimi.

August 2nd, 2012

Triveni Engineering & Industries, a publicly traded industrial group based in India, was recently represented by Gornitzky & Co. in their strategic investment in Aqwise, an Israeli water and wastewater treatment solutions company.

Triveni Engineering & Industries, a publicly traded industrial group based in India, with a fast growing water division focused on high-end technology projects, was represented by Gornitzky & Co. in their strategic investment in Aqwise, an Israeli water and wastewater treatment solutions company.

 

The agreement between the investor and the company calls for commercial cooperation between the two, and included two share purchases – a primary issuance from Aqwise to Triveni, as well as a secondary purchase of a portion of shares from existing shareholders.

 

The representation was led by Mr. Chaim Friedland (Partner), Mr. Yisrael Spero and Mr. Ariel Davis.