We are proud to advise our long-standing client, Mekorot, on the national leading tender won by the Doral company.
Under the innovative Mekorot project, photovoltaic systems are expected to be installed on the carrier, expected to generate approximately 75 megawatts of green electricity. This is an innovative dual-use project and it is hoped to be a pioneer in the field of renewable energy facilities.

The legal process was led by Amnon Epstein, founding partner and head of the Energy and Infrastructure department, and Adv. Tal Ishay, from our Energy and Infrastructure department.

We are proud of our team!

We congratulate our client, Israir Airlines, on completing the acquisition of 75% of the shares in the Cypriot logistics company Bird Aviation.

The deal was overseen by Attorney Nimrod Rosenblum – Managing Partner and Head of the Mergers and Acquisitions Department, and Adv. Michal Gazit and Adv. Noam Zimmerman – Attornies in our Mergers and Acquisitions Department and High-Tech Department. Well done to everyone involved!

Link to the article: https://bit.ly/Israir-ERM

274 new apartments: Azurim Company announces the expansion of the urban renewal project in the Iceland complex in Jerusalem, after reaching agreements with the residents of the adjacent building at 16 Columbia Street. The expansion of the project allows the company to make significant progress in the planning process.

The partners from Epstein Rosenblum Maoz (ERM) Yoav Zahavi and Aharon Shimon together with attorney Nofar Driks from the firm’s real estate and urban renewal department represent the company Azorim, which today (Monday) announces the joining of the Columbia 16 building to the urban renewal project in the Island 19 complex- 21, in which they signed an eviction agreement contract with 78% of the apartment owners. Within a few days, the company managed to reach over 60% signatures in the Columbia 16 building and the required majority in the expanded complex.

For the full article in Hebrew: https://bit.ly/3xfLz4f

We are excited to announce that our client, The Phoenix Insurance Company, will invest up to NIS 350 million in preferred shares and an additional amount of up to NIS 150 million in ordinary shares of Powergen Ltd., which is controlled by Generation Capital Fund.

We are honored to have had the opportunity to represent the Phoenix once again with respect to a complex M&A transaction.

Our team included partners Ron Abelski, Itamar Lev Eldar, and Amnon Epstein, associate Adi Rafaeli, and intern Roni Ghouila.

ERM Advised our client, Azorim, on the signing of a significant agreement with the majority of property rights holders of a property in the city of Ramat Gan.

The deal is another example of the growing recognition of the importance of new and speedier construction starts, needed to meet market demand and safe building development.

Partners Aharon Shimon and Yoav Zahavi from ERM’s Real Estate and Urban Renewal Department advised Azorim.

For the full article in Hebrew click here.

Though we – as humans, as lawyers, as a firm and as a country – are still reeling from the horrendous attack we faced on 7 October, the economy and Israel’s energy sector specifically, remain of paramount importance. We are therefore thrilled to congratulate our client, Phoenix Insurance Company, for their agreement to invest an amount of up to NIS 700 million into Meshek Energy. This strategic investment will provide Meshek Energy with the capital needed as part of its bid to acquire the major Eshkol power station from the Israel Electric Corporation at a value of at least NIS 9 billion, and is a significant milestone in the energy sector.

Phoenix Insurance was represented by partners, Amnon Epstein and Ron Abelski, with senior associate Itamar Lev Eldar, and interns Roni Ghouila and Ronnie Kohn.

For the full article in Hebrew, click 

Congratulations to our client, Mekorot, Israel’s largest water company, for publishing the first tender for the design, finance, build and operate of a 75MW solar plant, including storage, over the Israeli National Water Carrier. This tender is the first of its kind in the novice coverage of the National Water Carrier (in Stage 1 over 1300 dunams in the Netofa area of the canal). This is the second large scale solar tender that Mekorot has initiated being in the forefront of Israeli governmental companies helping to achieve the goal of boosting the proportion of power generated from renewable sources in Israel to 30% of total power production by 2030.
Amnon Epstein, Founding Partner and head of ERM’s Energy & Infrastructure, together with Associate Tal Ishay, led the team and were assisted by interns Maya Shoshani and Roei Dayan.

ERM Advised Bank Leumi on the financial close of the NIS 510 facility agreement with Menorah Synergy, a subsidiary of TeraLight and Senergy Renewable Energy financing a portfolio of photo-voltaic power plants on roofs and reservoirs totalling approximately 124 megawatts.

Thank you to our partners Amnon Epstein, Chen Weiss, associates Nir Shaked and Ori Nehmad  from our energy department.

To read the full article in Hebrew click here.

 

ERM Advised Jerusalem Homes Group Ltd. of the Complex 06 project in the Katamonim neighborhood in Jerusalem. The project includes 700 housing units, 3,800 square meters of commercial space, and 2.8 dunams of public space.

Partners Aharon Shimon, Yoav Zahavi and associates Or Tzur, Golan Laihtam and Shoval Yaacov, all from the Real Estate and Urban Renewal Department advised Jerusalem Homes Group Ltd.

For the Hebrew article click here.

We congratulate our client Prime Energy on the sale of 50% of its interest in the Tlamim project to Helios. The Tlamim project is a 14 megawatt (AC) land-based photovoltaic project, valued at approximately NIS 72.5 million.

The Epstein Rosenblum Maoz’s (ERM) team advising Prime Energy was led jointly by Amnon Epstein, founding partner and head of ERM’s Energy, Infrastructure, and Climate practice, and Chen Weiss, partner. Associate Tal Ishay also advised.

For the full article (in Hebrew) please click here