Dunmore Solar Inc. was acquired in September 2021 by a joint venture established between Greencells Group and Teralight Ltd. The two companies propose to leverage their individual strengths toward a co-development strategy to bring the Dunmore Solar Project to a ready to build status by Q4 2022 and commercial operations in 2023.

 

Greencells Group, based in Germany, has acquired a 25% stake in the Project and has a proven track record as a strong global project developer and provider of EPC and operations and maintenance services for large-scale solar power plants. Teralight Ltd., with an acquired 75% interest in the Project, is an industry leader in project origination and development of solar energy, and has a project backlog of 745 MW of solar development in Israel with expansion opportunities in Canada and the United States.