Israel’s OPC to Invest $200 Million in U.S. Solar Projects
- OPC to close $630 million CPV deal within three months: CEO
- Firm expects half of CPV pipeline to be operating in 3 years
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Israel’s OPC Energy Ltd. will invest nearly $200 million in the “rapid growth” of a recently-acquired renewable energy business in the U.S., according to its chief executive officer.
The firm expects half the solar projects developed by Competitive Power Ventures, which an OPC-led group agreed to buy for $630 million this week, to be operational within three years, Giora Almogy said in an interview Wednesday. It will take another two years before all the 2.2 gigawatts-worth of investments are ready, he said.