Siemens AG is currently working on an agreement to acquire 20% of Arava Power Company, one of the tope three solar integrators in Israel. Currently, Kibbutz Ketura owns 40% of the company and a group US investors led by Arava Power president Yosef Abramowitz own the other 60%.
Talks are still in early stages, but because Arava Power has cooperation agreements with 20 moshavim and kibbutzim (small land cooperatives) in the Negev, it is a popular target for foreign solar energy companies, such as AES Corporation and Sun Edison LLC. Industry sources indicate that Siemens’ intentions go beyond a financial investment, as the company would also like to supply equipment for the planned solar power field in the Kibbutz Ketura.
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