{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgJ68zuEJDA","lastupdate":"2021-01-04T00:00:00.000Z","update_date":"2021-01-04T00:00:00.000Z","lastModified":"Sep 21, 2024","active":1,"confidence_score":100,"confidence_score_reason":"markets","urlname":"arava-power-company","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","hide_reason_data":{"reason":"The company is a service provider","visible":0},"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$mvoHsXLdyP08FYXGdMJuXRENVRZOTTSsUFQ3d15zjomuDrycDFOoUm","name":"Arava Power Company","oneliner":"PV Technology for Midsize and Large Solar Fields","registrar":"513907634","website":"https://aravapower.com/?lang=en","careerspage":"","founded_month":1,"founded_year":2006,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/aravapower","youtube":"https://www.youtube.com/user/AravaPower","facebook":"https://www.facebook.com/AravaPower","linkedin":"https://www.linkedin.com/company/1184167","instagram":""},"social":["https://www.youtube.com/user/AravaPower","https://twitter.com/aravapower","https://www.facebook.com/AravaPower","https://www.linkedin.com/company/1184167"],"flattenedsociallinks":"https://www.youtube.com/user/AravaPower|https://twitter.com/aravapower|https://www.facebook.com/AravaPower|https://www.linkedin.com/company/1184167","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":26,"patent":0,"raised":18000000,"stage":"Mature","public_stage":"Mature","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Ifev64KDA","primary_sector":"Energy Tech","alternativenames":["Arava Power","APC"],"about":"Arava Power Company develops, owns, manages, and optimizes utility-scale photovoltaic (PV) systems. In 2011, the company established a commercial solar field in Israel, in Kibbutz Ketura. Since then, additional solar fields have been established and connected to the national grid.\r\n\r\n\r\nArava Power Company's partners include Global Sun Partners (founders and owners), Phoenix Insurance, and Keren Kayemet Le'Yisrael.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+972747171810","country":null,"address":{"israeli":[{"id":"57c65693-9037-4f0a-a77c-fbbd2f8570e8","city":"Ketura","type":null,"address":"Ketura, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"South District","news":[{"id":"b1cbb4cc-91bb-4acf-8a2a-05b18d6927eb","date":"Feb 5, 2020","link":"https://www.jpost.com/Jpost-Tech/Environment/Arava-region-of-Israel-about-to-be-100-percent-solar-powered-616630","source":"www.jpost.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"Rgf36Hts6WC0jEr1db8FgUQANW56RFd3nXBsSp70Q8Xz35AfedhHpw","news_summary":"https://www.jpost.com/Jpost-Tech/Environment/Arava-region-of-Israel-about-to-be-100-percent-solar-powered-616630","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"0f6d41e6-1fe8-44b5-a423-6daf8c00e7a3","date":"Nov 26, 2015","link":"http://www.themedialine.org/featured/a-fresh-hope-for-a-greener-israel/","source":"www.themedialine.org","visible":1,"analysis":{"tags":"renewable energy","company":"Arava Power Company","layoffs":null,"summary":"The article discusses a 40mw solar field at Kibbutz Ketura in southern Israel, developed by the Arava Power Company. The impact on the company is growth-positive. The key theme of the article is renewable energy. The key issue discussed is partnerships. The article does not mention any specific partners. The event described in the article does not have a specific date mentioned. The confidence level is 8.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["solar field","Kibbutz Ketura","southern Israel"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"uQh9KYTuhf91pycnACBm3wNyzyonRsW9EuJtVHkFnYB5knrBmS2t3n","news_summary":"A Fresh Hope for a Greener Israel - The Media Line","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4481164c-b38a-4c75-9bf9-ab9d2fb5507f","date":"Jul 29, 2015","link":"http://www.globes.co.il/en/article-largest-solar-array-in-israel-hooked-up-to-grid-1001056617","source":"www.globes.co.il","visible":1,"analysis":{"tags":"solar power","company":"Arava Power and EDF Énergies Nouvelles Israel","layoffs":null,"summary":"The Ketura Solar field, jointly owned by Arava Power and EDF Énergies Nouvelles Israel, has been connected to the national electric grid. With a capacity of 40 MW, it is the largest solar park in Israel currently part of the grid. The project began in 2009 and was approved for financing in 2013. The construction of the array lasted seven months and cost over 300 million shekels ($79 million). The connection to the grid raises the contribution of Arava Powers projects to over 100 MW. The government has set targets for renewable energy generation, with a goal of 10% by 2020. Currently, renewables generate only 2% of the countrys annual energy consumption.","partners":["EDF Énergies Nouvelles Israel"],"customers":null,"investors":null,"confidence":8,"key_topics":["solar power","renewable energy","government targets","electric grid","wind power"],"date_of_event":"July 29, 2015","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"3VtaXPPpTzJlJPvqVdbCuJKoZ2CKvUJWez2SFhvrLkwxZ6pNSQshKg","news_summary":"Largest solar array in Israel hooked up to grid","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"ab70d9ec-3744-42fb-b411-12ab29b876ff","date":"Jan 12, 2015","link":"http://www.jpost.com/Israel-News/Arava-Power-investing-profits-from-new-solar-fields-in-social-causes-387495","source":"www.jpost.com","visible":1,"analysis":{"tags":"investment, customers","company":"Arava Power Company","layoffs":null,"summary":"Arava Power Company, the firm responsible for Israel’s first commercial solar field, will be investing profits from its six newest solar fields in various social organizations. The company has chosen four organizations to benefit from the proceeds, including Latet B’Eilat, Micha Beersheba, Moving Traditions, and the Red Mountain Therapeutic Riding Center. Arava Power Company is committed to combining business with Zionism and supporting the environment and communities in which it operates. The company previously funded social projects with profits from its first solar field, Ketura Sun. The six new solar fields, including the largest one at Maslul Sun, began operating in the Negev and Arava deserts this spring. The other fields are Shoval Sun, Kibbutz Yotvata, Kibbutz Grofit, Kibbutz Elifaz, and Erez Rooftops.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["solar fields","social organizations","profits","beneficiaries","Arava Power Company"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment","Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"gs4BzDpBl19Z9zwkucpfiWUG9yT06IvikMhYBtUAYzKc0SZItYTKyt","news_summary":"http://www.jpost.com/Israel-News/Arava-Power-investing-profits-from-new-solar-fields-in-social-causes-387495","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"6d976c3d-c293-4d86-b3b2-1f199680e1d9","date":"Jun 22, 2014","link":"http://www.jpost.com/Enviro-Tech/Phoenix-buys-out-Siemenss-share-in-Arava-Power-Company-360199","source":"www.jpost.com","visible":1,"analysis":{"tags":"investment, acquisition","company":"Phoenix","layoffs":null,"summary":"Phoenix has acquired the Siemens portion of Arava Power and invested $15 million in the firm. The investment is expected to yield double-digit returns for Phoenix and make them a significant partner in Arava Power. The agreement was financed by investment-fund members and nostro accounts. Phoenixs investment in Arava Power is part of their strategy to invest in infrastructure and diversify their portfolios. Arava Power is a leading player in the solar energy industry and has initiated extensive-scale solar projects. The company has already launched several solar fields and is currently constructing a large-scale solar field with partners Electricite de France-Energies Nouvelles. The partners have received 80% of the projects total cost from Bank Hapoalim. The transaction will enable Arava Power, in partnership with Phoenix, to invest in and develop more projects in the energy sector.","partners":"Siemens","customers":null,"investors":"investment-fund members and nostro accounts","confidence":8,"key_topics":["Phoenix","Siemens","Arava Power","solar energy","investment"],"date_of_event":"Sunday","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$15 million","structured_issues":["Investment","Acquisition"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"KeqIdWyxMm7aGbsx7Zg3mtWTIBx0oztKyGkQO8T8zY6jJ5IRjgdYRS","news_summary":"http://www.jpost.com/Enviro-Tech/Phoenix-buys-out-Siemenss-share-in-Arava-Power-Company-360199","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"fa8fd15b-ec18-41f7-ac73-3149402d052f","date":"May 25, 2014","link":"http://www.globes.co.il/en/article-yosef-abramowitz-settles-score-with-israeli-bureaucracy-1000941378","source":"www.globes.co.il","visible":1,"analysis":{"tags":"Solar Energy, Investment","company":"Arava Power","layoffs":"N/A","summary":"Yosef Abramowitz, co-founder of Arava Power, discusses his journey from social activist to successful entrepreneur. Abramowitzs company, Arava Power, has nearly 50 solar projects in the pipeline, with a total scale of a billion dollars. However, solar quotas have not yet been issued, which is causing delays. Despite this, Abramowitz is optimistic about the future of solar energy and is planning further investments in Africa worth a billion shekels. The company has also committed to investing $50 million in solar energy in the Caribbean.","partners":"Siemens, JNF, Bank Hapoalim, US government, European Union, Norfund, Scatec Solar, Dutch development bank FMO, Emerging Africa Infrastructure Fund (EAIF)","customers":"Israel Electric Corporation","investors":"Siemens, JNF, Bank Hapoalim, US government, European Union, Norfund, Scatec Solar, Dutch development bank FMO, Emerging Africa Infrastructure Fund (EAIF)","confidence":"8","key_topics":"Solar Energy, Investment, Expansion, Africa, Renewable Energy","date_of_event":"May 25, 2014","valuation_amount":"Tens of millions of dollars","impact_on_company":"growth-positive","investment_amount":"$300 Million","structured_issues":"Investment, Expand","acquisition_amount":"N/A","structuredIssuesShow":"#Investment, Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"J4NyIhkG3SbzDDpZtWpztCgm05WqYeuKK0VRD8Yl1wgBmCXkt8EDX6","news_summary":"Abramowitz settles score with Israeli bureaucracy","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"e270cde6-e097-4b8f-a1ef-6132de4d2194","date":"Mar 25, 2014","link":"http://www.timesofisrael.com/worlds-first-self-cleaning-solar-park-in-the-arava-valley/","source":"www.timesofisrael.com","visible":1,"analysis":{"tags":"solar energy","company":"Ecoppia","layoffs":null,"summary":"The Kibbutz Ketura solar park, jointly owned by Siemens AG and Arava Power, became the world’s first autonomously-cleaned solar energy production facility. The facility is cleaned by 100 Israeli-made robots, which brush and clean the solar panels. This breakthrough could encourage more use of solar power. The Israeli government has announced a project to make the Knesset building the greenest in the world by installing photovoltaic panels on its roof. The project aims to generate all the power the building needs. Ecoppias robot cleaning solution was chosen for the Ketura solar park due to its effectiveness in increasing energy production without the negative ecological impact of water-based cleaning solutions.","partners":["Siemens AG","Arava Power"],"customers":null,"investors":null,"confidence":8,"key_topics":["solar energy","robot cleaning","Ketura solar park","water-based cleaning","energy generation"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Vd5mphQXVPLbnwLGbNIBAZ49OJIJTBoh0ZdiBcVJ3lRXKOgDNNYjOL","news_summary":"World's first self-cleaning solar park in the Arava Valley","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"15b4fda6-9023-4042-9885-09599d734990","date":"Dec 1, 2012","link":"https://www.al-monitor.com/pulse/business/2012/11/the-state-of-israel--a-solar-ele.html","source":"www.al-monitor.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"EIfpIzhrBAYu0s9UqaZaYW6vAETOuBTONvZwWtbRpcBrabOzzCOstQ","news_summary":"https://www.al-monitor.com/pulse/business/2012/11/the-state-of-israel--a-solar-ele.html","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"8d2ced97-03ba-4966-be26-810c6e6a60de","date":"May 22, 2012","link":"http://af.reuters.com/article/commoditiesNews/idAFL5E8GM0IV20120522","source":"af.reuters.com","visible":1,"analysis":{"tags":"N/A","company":"Reuters","layoffs":"N/A","summary":"The article does not provide any specific information about Reuters or its activities.","partners":"N/A","customers":"N/A","investors":"N/A","confidence":10,"key_topics":[],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"N/A","investment_amount":"N/A","structured_issues":[],"acquisition_amount":"N/A","entityGrowthIconPath":"none;"},"sentiment":"N/A","analysisId":"HRtkY8WgukJl7oUNUFFS7LLsx5suCxKl0bXQoHWwrT82jp1xh1Fc6N","news_summary":"Breaking International News & Views","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"d9392e8c-4053-49ab-943a-6286f5050a4c","date":"Oct 21, 2011","link":"https://www.ynetnews.com/articles/0,7340,L-4137188,00.html","source":"www.ynetnews.com","visible":1,"analysis":{"tags":"solar energy","company":"Arava Power Company","layoffs":null,"summary":"Arava Power Company has been awarded the first permanent solar license in Israels history. The company has also been granted 11 additional solar provisional licenses, totaling 68 megawatts. These projects represent a total investment of approximately $300 million. Arava Power Company plans to create hundreds of green jobs in the Arava region and the Negev Desert. The company has a planned pipeline of over 400 megawatts and an investment of at least $1.5 billion. The Israeli governments lifting of solar caps will make Israel a world leader in solar power. Partners mentioned in the article include the Public Utilities Authority, the Israel Electric Corporation, kibbutzim, moshavim, and Siemens Israel.","partners":["Public Utilities Authority","Israel Electric Corporation","kibbutzim","moshavim","Siemens Israel"],"customers":null,"investors":null,"confidence":8,"key_topics":["solar license","investment","solar installations","green jobs","solar power"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment","Partners","Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Partners  #Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"aUMxjSN4rCMFN554MTkwUuwY30kiuyNuLDbe6wq2m2UJgBSspMCdOn","news_summary":"Arava awarded 1st permanent solar license","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"63853f0f-2baa-4cfe-86b3-8fb0a78d33b0","date":"Jun 7, 2011","link":"https://www.pv-magazine.com/2011/06/07/arava-power-unveils-israels-first-solar-field_10003268/","source":"www.pv-magazine.com","visible":1,"analysis":{"tags":"solar power","company":"Arava Power Company","layoffs":null,"summary":"Arava Power Company, a solar power company, inaugurated its first photovoltaic field in Israel. The 4.95 MW installation at Kibbutz Ketura is connected to the Israel Electric Company grid and will provide power for three kibbutzim. The project cost $20 million and was funded by a loan from Bank Hapoalim. Arava Power Company also announced a pipeline of over 40 projects worth 400 MW, representing around $2 billion of investment. The company has a strategic partnership with Siemens and plans to work with them on future developments. The solar market in Israel is expected to grow significantly due to the abundance of sunlight and increasing energy needs.","partners":["Siemens"],"customers":null,"investors":["Siemens"],"confidence":8,"key_topics":["photovoltaic field","inauguration","solar installation","utility scale solar","feed-in tariff"],"date_of_event":"June 7, 2011","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"2b5B5Bt84BoDZs7k49oc409eCDP6Co5Ga2eav0fKZHoQZroDc3Mz8J","news_summary":"Arava Power unveils Israel's first solar field","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"931a7f36-e9e2-41dd-a211-5b74ee2c2555","date":"Jan 22, 2010","link":"https://www.haaretz.com/1.5137551","source":"www.haaretz.com","visible":1,"analysis":{"tags":"solar power","company":"Arava Power Company","layoffs":null,"summary":"Arava Power Company has signed deals leasing land from Bedouin in the Negev for the construction of three giant solar-power fields. The company has earmarked NIS 400 million for the photovoltaic projects, which are supposed to produce 20 megawatts. Arava Power means to get funding from the Overseas Private Investment Corporation, which offered to finance 80% of the project. Arava Power is owned by Kibbutz Ketura and a group of U.S. investors. The company views its collaboration with the Bedouin community as an economic and social investment.","partners":null,"customers":null,"investors":"Kibbutz Ketura, U.S. investors","confidence":8,"key_topics":["solar power","land leasing","funding","collaboration","Bedouin community"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"3gmwemvkQ61L5slPVOKMXZjIFCEzL84myZdaDWekFDrifKOLDnYWPI","news_summary":"Arava Power leasing land from Bedouin for solar fields","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"85355933-5360-4d90-b4a7-3d5f9834cfb1","date":"Aug 28, 2009","link":"https://en.globes.co.il/en/article-1000493520","source":"en.globes.co.il","visible":1,"analysis":{"tags":"investment, acquisition, partners","company":"Siemens","layoffs":null,"summary":"Siemens has acquired a 40% stake in Arava Power Company for $15 million, marking its first solar energy investment in Israel. Siemens is also in talks to acquire Solel Solar Systems. Arava Power is a leader in photovoltaic systems and has a company value of $37.5 million. Siemens and Arava Power have signed a framework agreement to build solar power plants. The first project will be a 4.9-megawatt facility at Kibbutz Ketura. Siemens aims to strengthen its environmental and sustainable technologies through this investment. Arava Power sees Siemens as the ideal partner to help Israel achieve its goals for clean air and renewable energy.","partners":"Arava Power","customers":null,"investors":null,"confidence":9,"key_topics":["Siemens","Arava Power","solar energy","investment","acquisition"],"date_of_event":"August 28, 2009","valuation_amount":"$37.5 million","impact_on_company":"growth-positive","investment_amount":"$15 million","structured_issues":["Investment","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"FPKXS8i4s20ylesPaxHx5fGQLeU9en1nHzycVYwf5wxXFI2VSJgJgn","news_summary":"Siemens buys into Israeli solar co Arava Power","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"}],"newsNumber":13,"techcommunityinvolvement":null,"mediagallery":[{"id":"c7796e80-4555-40b2-ba1a-d81588e6a55e","timestamp":"2018-11-01 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