Our firm represented Negev Energy PV Ltd., owned by Shikun & Binui Energy Ltd. and the Noy Fund, in signing a concession agreement (BOT) with the State of Israel for the development of a solar project combined with energy storage – a globally unique project due to its integration into an existing solar-thermal BOT project at the Ashalim solar-thermal power plant site. It will be developed through project finance provided by Bank Leumi, on unused areas of the existing plant, enabling efficient use of the site without the need to allocate additional land (dual use). Our work included negotiations with the State and its authorities, subcontractors, financiers of the existing facility – DFC (the U.S. Government’s investment arm), the EIB, Bank Hapoalim, Bank Leumi and syndication lenders to enable the establishment of the new facility, the financiers of the new project, as well as shareholder agreements, agreements between the concessionaires, and related documentation.
