Siemens invests $ 15 million in Israeli solar company Arava Power
The Arava Power Company Ltd. (APC), formed in 2006, is Israel’s leading solar developer. Founded by a group of visionaries at Kibbutz Ketura, APC seeks to supply 10% of Israel’s electricity needs with the development of solar energy plants with Kibbutzim, Moshavim and other land owners, especially in the south of Israel. APC is a pioneer in Solar Power in Israel with agreements with land owners and is the first and only solar developer in Israel with a commercial solar license, appropriately-zoned land and a building permit to construct a solar field. The company is owned by Global Sun Partners a partnership with Kibbutz Ketura and American Investors led by the company President Yosef Abramowitz. The chairman is Ed Hofland and the Vice Chairman is David Rosenblatt, and the three are founders of Arava Power. More information on Arava Power is available at www.aravapower.com.
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