Creating Green Electricity on Public Buildings

Creating Green Electricity on Public Buildings

In line with the Company's community involvement and responsibility, it is committed to developing "green" projects that contribute to the environment. In light of the advantages solar energy has for electricity production, the Haifa Economic Corporation has spurred on the establishment of photovoltaic facilities on public building rooftops around the city, thereby creating additional sources of income from yielding assets.

Erection of the photovoltaic facilities was completed in August 2011 and energy is produced and sold by the Company to the Israel Electric Corporation pursuant to a 20-year agreement.