Arava Power Company

Arava Power Company

Renewable Energy Semiconductor Manufacturing

About us

Arava Power Company (www.aravapower.com) is Israel’s leading solar developer and a pioneer in mid-size and large-size solar fields using photovoltaic technology. Founded in 2006, Arava Power seeks to supply 10% of Israel's electricity needs through alliances with kibbutzim, Negev Bedouin and other land owners, especially in the south of the country. In 2009, Siemens partnered with Arava Power and invested $15 million to acquire a 40 percent stake in the company. On June 5, 2011, Arava Power Company launched Israel's first commercial solar field at Kibbutz Ketura – a 100 million NIS installation financed by Bank HaPoalim - and announced their planned pipeline of over 400 megawatts, comprising an investment of approximately $1.5 billion. On February 7, 2012, Arava Power announced that they had received a license for the Tarabin Solar Field, the first solar field for the Bedouin community. Financing for the $30 million Tarabin installation is to be provided by OPIC – the Overseas Private Investment Corporation of the United States Government.

Industry
Renewable Energy Semiconductor Manufacturing
Company size
11-50 employees
Type
Privately Held
Founded
2006
Specialties
solar energy and PV

Employees at Arava Power Company

Updates

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Funding

Arava Power Company 2 total rounds

Last Round

Debt financing

US$ 5.0M

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