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AIRENGY (TASE: ARNG) ACQUIRES CONTROL OF GREEN-GO, A SPECIALIST IN INITIATING AND CONSTRUCTING PHOTOVOLTAIC FACILITIES
Toward a Central Role in Israel's Photovoltaic Market: RA'ANANA, CENTRAL DISTRICT OF ISRAEL, ISRAEL, March 20, 2026 /EINPresswire.com/ -- • Green-Go will
About this update from Airengy Tech Ltd.
[{"type":"text","content":"Airengy acquires control of Green-Go, a specialist in initiating and constructing photovoltaic facilities Tal Raz, CEO at Airengy Airengy announces signing of a MoU for the acquisition of control (51%) in Green-Go Toward a Central Role in Israel's Photovoltaic Market: RA'ANANA, CENTRAL DISTRICT OF ISRAEL, ISRAEL, March 20, 2026 /EINPresswire.com/ -- • Green-Go will become Airengy's Engineering, Procurement, and Construction (EPC) arm in Israel, generating ongoing cash flow while developing a broad project pipeline and integrating storage solutions. • This move completes Airengy's operational rollout: compressed air energy storage technology (CAPP) and short-duration storage (BESS) in Europe, now adding initiation and construction of solar projects in Israel. Airengy (TASE: ARNG) announces today the signing of a Memorandum of Understanding for the acquisition of control (51%) in Green-Go, a company specializing in the initiation and construction of complex photovoltaic facilities with a focus on agrivoltaics.The transaction represents a strategic milestone for Airengy, establishing the “third leg” of its operations – an entrepreneurial and execution arm in Israel – alongside its two existing core activities: the construction of compressed air energy storage power stations (CAPP) and the initiation of storage projects (BESS) in Europe.Through the acquisition, Airengy strengthens its presence across the entire value chain – from initiation and engineering design, through construction (EPC), to the operation of revenue-generating assets. The company intends to leverage the proven execution experience of Green-Go, which currently manages a project portfolio worth tens of millions of shekels, and to position it as a dominant player in the local market while integrating advanced storage technologies.Completion of the transaction is subject to, among other things, the signing of a detailed and binding agreement between the parties and the completion of due diligence. Tal Raz, CEO of Airengy, stated:“This transaction marks another significant step in implementing Airengy’s strategy, with the establishment of the third leg of the company’s operations in Israel. We are integrating a company with proven experience in the construction and execution of complex projects with the engineering and technological capabilities we have developed over...