Deals -

ERM advises Noy Fund on purchase of Aspen’s solar energy operations

ERM has acted for the Noy Infrastructure and Energy Investment Fund 2 (Noy Fund 2), one of the foremost energy focused investment funds in Israel, on its purchase of a 49% stake in Aspen Solar, the renewable energy part of the TASE traded Aspen Group.

The purchase was completed through a tender of Aspen’s Israeli portfolio of 273 (PV) plant installations that are up to 50kw each and an aggregate capacity of 14 megawatts, the second largest installation in the country.

The deal cements the Noy Funds’s position as a leading player in the renewable energy market, particular solar energy, whilst enabling the Aspen Group to exit the renewable energy market and focus on its core real estate business.

Partner Amnon Epstein, head of our energy and infrastructure practice, led the team which included associates Eran Ifargan and Rona Richman.

For media coverage of the acquisition, please click here.

Energy and Infrastructure practice

Epstein Rosenblum Maoz (ERM) is considered a market leader in the renewable energy market, regularly acting for many of the leading Israeli and international owners, developers, EPC contractors and financiers in this sector.

For more information on this transaction and our energy and infrastructure practice, please contact Amnon Epstein, or another member of our team.

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