Press Release
January 9th, 2026
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Sky Solar and Nofar USA Execute Framework Agreement to Advance Up to 400 MW of Distributed Solar Projects Across Texas
Exclusive RTB acquisition pathway position Sky Solar for multi-year growth across Houston, DFW, and other ERCOT load centers
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Houston, Texas — January 9, 2026 — Sky Solar LLC (“Sky Solar”), a Texas-based developer of distributed generation and community solar, today announced it has executed a Framework Agreement with Nofar USA (“Nofar USA”) to facilitate the acquisition of up to 400 MW of distribution-connected solar projects in ERCOT. Under this unique structure, Nofar holds exclusive rights to acquire Sky Solar projects at the Ready-to-Build (RTB) stage, while also supporting safe-harboring across the portfolio, enabling Sky Solar to capitalize on its recent development momentum in and around high-growth load zones such as Houston, San Antonio, and Dallas–Fort Worth. Together, these features are expected to translate into a solid, multi-year revenue stream for Sky Solar over the next three years, as RTB milestones are achieved across the pipeline.
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In connection with the Framework Agreement, Sky Solar and Nofar USA have closed the acquisition of Losack project, a facility located near Houston, in East Bernard, Texas with a capacity of approximately 10 MWac / 18 MWdc. The Losack transaction represents the first closed project under the broader strategic relationship and underscores the parties’ ability to efficiently advance projects from development through RTB execution within ERCOT’s key load pockets.
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“Partnering with Nofar USA gives us a repeatable, efficient path to advance projects from RTB into long-term ownership with a strong institutional partner,” said Dudy Levy, Managing Partner of Sky Solar. “With portfolio safe-harboring and exclusive RTB take-outs, we can scale responsibly where the demand is—near the largest load centers in ERCOT—while creating durable value for our stakeholders.”
Allon Raveh, Chairman and CEO of Nofar USA, added: “This agreement deepens our presence in Texas and provides a scalable model that will generate a geographically diversified portfolio with quick time-to-market.”
About Sky Solar LLC
Sky Solar is a Texas–based developer focused on distributed generation and community-oriented solar projects that make renewable energy accessible and affordable for local communities across Texas and the U.S. Its standardized approach emphasizes siting near load, efficient land use, and transparent community engagement.
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About NOFAR
Nofar Energy is a global renewable energy independent power producer active in Israel, Europe, and the United States. The company develops, owns, and operates solar and battery storage projects across multiple markets and is publicly listed on the Tel Aviv Stock Exchange. As of December 31st, 2025, Nofar has a market capitalization of approximately $1.3 billion.
Nofar USA serves as the company’s U.S. platform and has focused on building a diversified portfolio across regulated and deregulated power markets through a combination of organic development and acquisitions.
Forward-Looking Statements: Certain statements in this release are forward-looking and involve risks and uncertainties. Actual results may differ materially. Sky Solar undertakes no obligation to update forward-looking statements.
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