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Bethel Finance news:
Solarhybrid AG, a German renewable- energy developer, bought rights to solar-energy projects in Israel with a combined capacity of about 201 megawatts.
Solarhybrid agreed to a one-time payment of 9 million shekels ($2.3 million) and a so-called earn-out payment of 240 shekels per realized kilowatt, the Brilon-based company said today in a statement.
The solar developer bought the rights from the estate of insolvent Sunday Energy Ltd., according to the statement. Other companies, including Israeli construction contractor Ormat Systems Ltd., own on average 22 percent of the projects, Solarhybrid said.
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