28 October 2012
Industry Pioneer Yosef Abramowitz
Goes Global with Solar Fields
DS Apex Mergers & Acquisitions chosen to lead $10 million fund raise
(Tel Aviv, Israel) – As part of a new, separate venture, the founders of Arava Power Company, have engaged DS Apex M&A Ltd. (subsidiary of DSAP: Tel Aviv) to raise $10 million to fund the development of solar fields outside of Israel.
The team is led by Yosef Abramowitz, today awarded “Person of the Year” by the 2012 Israel Energy and Business Convention, who serves as President of Arava Power Company – Israel’s leading solar developer. In 2009, Siemens bought a 40 percent stake in Arava Power Company, which has developed the only commercial scale grid- connected solar field in Israel and is expected to break ground on eight additional fields shortly.
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