Nofar Energy has secured €86.5 million in project financing from NORD/LB, a leading European bank, for the Stendal energy storage project in Germany. With a storage capacity of approximately 209 MWh, the project is advancing swiftly and is slated to become fully operational by early 2026.
This financing milestone follows a previously signed Tolling Agreement with a major global energy corporation, ensuring a stable and long-term revenue stream for the project.
In the past two years, Nofar Energy has secured approximately ₪4 billion in financial agreements for projects across Europe, strengthening its position in the energy transition sector. The company’s energy storage portfolio now surpasses 10 GWh across eight countries, underscoring its rapid global expansion.
Looking ahead to 2025, Nofar Energy anticipates further growth as it accelerates project development and expands its operations.
The successful financing deal was made possible with support from key advisors:
🔹 Heinrich & Mortinger GmbH – Financial advisory
🔹 Clifford Chance – Legal counsel
🔹 Aurora Energy Research – Strategic commercial insights
The Stendal project represents another key step in Nofar Energy’s expansion, supporting Germany’s energy transition and the broader push for sustainable energy storage solutions across Europe.
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