Canadian Solar raises US$60 million for Israel projects

Facebook
Twitter
LinkedIn
Reddit
Email
Israel flag. Credit: Pixabay

Canadian Solar has partnered with Israeli insurance and finance group Menora Mivachim in an effort to raise US$60 million to finance solar projects in Israel.

The partnership will fund solar projects that were awarded by Israeli Electricity Authority under solar power tender and for other solar projects to be developed within the joint venture.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Dr. Shawn Qu, chairman of Canadian Solar, said the partnership is a milestone for Canadian Solar in a growing solar market.

The funding will be used for development, construction and ownership with each company contributing equal amounts.

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

May 15, 2025
Solar manufacturer Canadian Solar recorded a slight increase in module shipments and endured losses in Q1 amid 'geopolitical complexities.'
May 14, 2025
Silfab Solar has raised US$110 million through the sale of Section 45X Advanced Manufacturing Production Tax Credits (PTCs).
May 9, 2025
Solar manufacturers Aiko Solar and Canadian Solar showcased their latest modules, while 7Secondsolar, LONGi Solar and Weidmüller won in the Photovoltaics (PV) category at this year's The smarter E Award. 
May 1, 2025
CSI Solar, the PV manufacturing subsidiary of Canadian Solar, has posted massively decreased profits in Q1 2025 amid what it described as “high trade barriers” and “severe supply-demand imbalances”.
April 10, 2025
The State Electricity Commission (SEC), a state-owned energy company in Victoria, Australia, has confirmed that construction has started on the 119MW SEC Renewable Energy Park.
April 3, 2025
Solar manufacturer Canadian Solar has partnered with Australian energy retailer Flow Power to supply anti-hail solar PV modules for a solar PV power plant in South Australia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia