The EU’s European Investment Bank (EIB) is working with Israel’s Bank Leumi to invest 250 million Euros ($275 million) in Israeli green projects. Globes reported that the two banks signed a memorandum of understanding on this deal which is part of Bank Leumi’s plan to provide up to $10 billion in credit for green projects […]
Flexible solar panels look set to disrupt the industry israel21c.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from israel21c.org Daily Mail and Mail on Sunday newspapers.
Agreement with Tadiran further boosts Apollo Power
Flexible solar film company Apollo Power s share price has soared by about 1,800% within a year.
The collaboration agreement announced by air conditioning company Tadiran Holdings (TASE: TDRN) with green energy company Apollo Power (TASE: APLP) puts the spotlight on the latter as an outstanding example of a hot trend in Tel Aviv of investment in young green-energy technology companies, even those with negligible revenue and heavy losses.
The case of Apollo Power is an extreme one. Its share price has shot up by about 1,800% within less than a year, bringing it to a market cap of no less than NIS 1 billion, all this thanks, apparently, to the potential that investors see in its business.