Energix Wytheville Solar Field, Virginia (from website)
Energix Renewables, a player in the US renewable energy sector and part of the global Energix Group, announced a strategic long-term partnership with Google in a project that could be worth up to $1.5 billion. The agreement, initially covering 1.5GWp of solar project development until 2030, will see Energix supply electricity and Renewable Energy Credits (RECs) to Google. Google will also serve as a tax equity provider for Energix, supporting the development of these solar projects.
The company said this collaboration solidifies Energix’s position as a major force in the US renewable energy market, especially within the PJM region. The partnership aligns with both companies’ commitment to sustainability and clean energy.
Leave it to Startup Nation Israel to be behind renewable energy projects. Israel is a small desert nation with few natural resources. This is why since its inception, the country has been at the forefront of worldwide development of alternative energies, such as solar power. One thing Israel has in abundance is sunshine.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Founded in 2009, Energix is a public company (traded on the Tel Aviv Stock Exchange) owned by Alony-Hetz Properties and Investments Ltd, a known real-estate investments groups, with investments in Switzerland, UK, and the US.
Energix Renewables, a leading independent power producer (IPP) headquartered in Arlington, Virginia, is dedicated to building a sustainable future in the US. They specialize in developing, constructing, and operating renewable energy projects across the nation.
Energix is a major force in the Mid-Atlantic’s solar energy sector, with over $1.5 billion invested and 15 operational projects. Their commitment extends beyond current operations, with several projects under construction and many more in development. This dedication has resulted in a total operational capacity of 636MWdc, solidifying their position as a renewable energy leader.
But Energix is more than just a power company. They are committed to giving back. Through community involvement and environmental stewardship, Energix creates long-term value for everyone involved. As part of a global company with operations in the US, Israel, and Poland, their “triple-win” strategy focuses on benefiting the environment, the community, and the company itself.
“We are thrilled to embark on this strategic collaboration with Google,” said Asa (Asi) Levinger, CEO of the Energix Group. “This agreement underscores our leadership in the U.S. renewable energy market, enabling us to leverage our unique expertise and resources for unparalleled growth and advancing Google towards its net zero and 24/7 carbon-free energy ambitions. This joint effort with Google not only strengthens our position in the PJM market but also opens up opportunities for future expansion into other power markets, we expect to deliver the 1.5GW in the next 2-3 years. This framework agreement is the latest addition to the company’s array of strategic agreements, and along with our global framework agreement with First Solar and collaborations with leading banks worldwide, we are well-positioned to leverage the U.S. market for growth and value-creation for all our stakeholders. I want to thank Google, Morgan Stanley, and all our employees who worked diligently to make this deal happen.”
