Nofar USA Secures 1 GW of Solar Projects Across U.S. Markets

Nofar USA, a wholly owned subsidiary of Nofar Energy (TASE: NOFR), announced it has secured over 1 GW of solar development projects across the United States through a mix of acquisitions and exclusive development agreements.

The portfolio includes both utility-scale and distributed generation projects with commercial operations scheduled between 2026 and 2029. The transactions, completed in late August, expand Nofar USA’s U.S. footprint across key renewable markets, including PJM, SPP, and ERCOT.

“This marks a significant milestone in the expansion of our U.S. pipeline,” said Allon Raveh, Executive Chairman and CEO of Nofar USA. “By securing more than a gigawatt of projects across key renewable energy markets, in combination with our ITC safe harboring strategy, I expect Nofar USA to grow its solar portfolio significantly in the next few years. This, combined with our growing energy storage portfolio, which has already reached a contracted pipeline of 1.2 GWh, reinforces our commitment to supporting America’s demand for clean power while generating long-term value for our shareholders.”

The acquired projects range from early-stage development to ready-to-build status, offering geographic and market diversification across multiple U.S. grid operators. The company emphasized that as projects move forward, it will engage with local communities, landowners, and regulators, highlighting stakeholder collaboration and environmental stewardship as part of its development approach.

Nofar Energy, the parent company, operates across 10 countries and has 2.4 GW of renewable projects already connected or under construction. Globally, its pipeline includes 10 GW of solar and 22 GWh of energy storage, of which 3 GW and 3 GWh, respectively, are in operation, under construction, or near build start.

The U.S. expansion comes amid strong federal incentives for clean energy and rising demand for grid reliability solutions. Nofar’s combined solar and storage push positions it to capture growth opportunities in both large-scale utility projects and distributed energy generation.

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