Can Nofar Energy become a major solar player in the U.S.? Over 1 GW of new projects says yes

Nofar USA, the American subsidiary of global renewable energy group Nofar Energy, has significantly expanded its footprint in the U.S. clean energy sector by securing over 1 GW of new solar development projects. Finalized in late August 2025, the portfolio expansion was achieved through a combination of acquisitions and exclusive development agreements across multiple U.S. markets, with commercial operations expected between 2026 and 2029.

The newly secured projects span a mix of utility-scale and distributed generation assets and mark one of Nofar USA’s most ambitious strategic milestones since entering the U.S. market. The announcement comes as the company continues to deepen its dual focus on solar and energy storage, with its U.S. pipeline now also including 1.2 GWh of contracted storage capacity under development.

How does this move strengthen Nofar USA’s position across competitive U.S. solar markets like PJM, SPP, and ERCOT?

Nofar USA’s expanded pipeline includes projects distributed across three of the most active and competitive U.S. electricity markets—PJM Interconnection, the Southwest Power Pool (SPP), and the Electric Reliability Council of Texas (ERCOT). These Independent System Operator (ISO) regions are known not only for their transmission-scale renewable energy demand but also for their diverse regulatory and interconnection dynamics.

According to Allon Raveh, Executive Chairman and CEO of Nofar USA, this expansion is a major step toward building a robust, geographically diversified portfolio. Raveh stated that combining this new solar pipeline with the company’s ongoing ITC (Investment Tax Credit) safe harboring strategy could enable substantial growth in the coming years. He emphasized that Nofar’s U.S. strategy is designed to support America’s growing demand for clean energy while creating long-term value for stakeholders.

While Raveh did not disclose financial specifics or counterparty details, the move aligns with broader industry trends, where renewable developers are aggressively consolidating solar and storage projects in transmission-congested but high-value ISO regions.

What stage are these new solar projects in, and how are they being de-risked for commercial operation readiness?

The over 1 GW of new solar capacity includes projects at varying development stages—from early conceptual planning to ready-to-build assets. This mix enables Nofar USA to balance long-term pipeline visibility with near-term execution readiness. Many of the projects are expected to reach commercial operation between 2026 and 2029, a period that coincides with increased demand for renewable procurement by U.S. utilities, corporates, and municipal buyers under long-term PPAs.

De-risking the development cycle appears to be a core part of the strategy. Nofar USA is expected to work closely with landowners, local communities, and permitting authorities to ensure grid interconnection approvals and social license are managed efficiently. The company has emphasized its development approach as one that integrates environmental stewardship, local economic benefit, and grid optimization.

In doing so, Nofar joins a growing cohort of international developers that are localizing their project management models to navigate the U.S. interconnection backlog and inflationary pressures impacting equipment and labor.

How does the 1.2 GWh storage pipeline integrate with Nofar USA’s broader energy transition strategy?

In parallel with its solar push, Nofar USA is growing its footprint in the U.S. energy storage sector. The company now boasts a contracted pipeline of 1.2 GWh of energy storage projects, which it aims to pair with both existing and new solar developments. The dual-track growth model—where standalone storage and solar+storage hybrids are pursued simultaneously—reflects the company’s commitment to grid reliability and revenue optimization via ancillary services and arbitrage.

While details about the storage technology or vendors remain undisclosed, the company’s emphasis on storage is consistent with broader industry sentiment. Analysts tracking U.S. renewable deployment trends note that energy storage is no longer optional for solar developers seeking long-term asset bankability, especially in ISOs like ERCOT where volatility and curtailment risks remain high.

By scaling its battery pipeline alongside solar assets, Nofar USA positions itself to tap multiple value streams, including capacity markets, frequency regulation, and peak shaving—critical to meeting return expectations amid compressed margins in pure-play solar.

How does this U.S. growth fit into Nofar Energy’s global pipeline and strategy?

Nofar Energy, the Tel Aviv-headquartered parent company of Nofar USA, currently operates in 10 countries and has 2.4 GW of renewable energy projects connected or under construction worldwide. The group maintains an ambitious global pipeline of 10 GW in solar and 22 GWh in energy storage, with 3 GW of solar and 3 GWh of storage either operational, under construction, or nearing build-readiness.

The U.S. market has emerged as a strategic pillar in Nofar Energy’s global expansion playbook. The company has pursued a mix of organic development and acquisitions to establish itself in the world’s most competitive clean energy market. With IRA (Inflation Reduction Act) incentives creating a stable policy tailwind and escalating investor demand for utility-scale assets, Nofar Energy’s U.S. portfolio is poised to become a major revenue contributor over the next three to five years.

This new gigawatt-scale addition to Nofar USA’s solar pipeline represents more than just asset accumulation—it signals the group’s intention to scale as an integrated clean energy platform with operational depth across markets, asset classes, and timelines.

What is the institutional sentiment around Nofar’s expansion strategy in the U.S. renewable sector?

Institutional sentiment toward Nofar’s expansion strategy has been broadly positive, especially as investors increasingly favor renewable developers with pipeline visibility, ISO diversification, and vertical integration across solar and storage. While specific deal valuations or counterparties have not been disclosed, market observers suggest that developers who secure large multi-ISO footprints are better positioned to raise project-level financing, attract tax equity partners, and withstand regulatory headwinds.

Analysts also point to Nofar’s ITC safe harboring approach as a sign of financial discipline, allowing the developer to lock in favorable tax treatment under the IRA while structuring flexible commercial operations timelines. This could translate into higher project-level IRRs and lower cost of capital.

While execution risks remain—especially in terms of permitting, interconnection, and supply chain uncertainties—Nofar’s current pipeline scale suggests growing competitiveness against more entrenched U.S. players and private equity-backed platforms.

What are the forward-looking implications of Nofar USA’s solar and storage scale-up for U.S. grid infrastructure and policy alignment?

With over 1 GW of new solar projects and 1.2 GWh of energy storage under development, Nofar USA’s footprint is growing into a national-scale asset base that aligns with U.S. energy transition goals. The expansion comes at a time when grid operators are urging more resource adequacy and storage deployment to manage peak demand and renewable intermittency.

As Nofar USA brings its projects online between 2026 and 2029, the cumulative impact could contribute significantly to regional capacity targets, reduce grid congestion, and support corporate and municipal climate commitments. Additionally, the company’s stated focus on stakeholder engagement may support smoother permitting timelines—an often-overlooked risk in utility-scale development.

Looking ahead, analysts believe Nofar USA’s continued participation in multi-market development, combined with a growing storage asset base, could make it a credible partner in hybrid project deployment and grid services contracting across North America.