Our System

As part of the Company's policies, and out of an understanding of the great significance of environmental responsibility, Lahav L.R has made a strategic decision to integrate in the green economy in Israel, while recognizing the great financial potential in the field.

As of January 2012, the Company has been operating in the renewable energy industry in Israel, with an emphasis on solar energy. The Company's activities in the energy industry are concentrated under Lahav Green Mountains Ltd., a wholly owned private subsidiary of the Company.

The Company owns 38 existing products for the production of electricity through small photovoltaic devices (to produce electricity up to about 50/55 kW) with an installed capacity of about 2 MW. The devices owned by the Company are spread out around the country, and most of them are installed on the roofts of buildings owned or leased by local authorities; 6 devices - Yokneam, 5 devices - Hof Hacarmel Regional Council, 4 devices - Mazkeret Batya Regional Council, 3 devices - Hof Ashkelon Regional Council, 4 devices - Ma'alot Tarshiha, 6 Devices - Elad, 7 devices - Beitar Illit Local Council,. The lease agreements with the local authorities are for a period of 20 years. The electricity produced in the devices is sold to the IEC at a preferential tariff that is fixed for 20 years, linked to the index, per the long term agreements (with support for the state for 20 years).

With regards to the abovementioned consent system, and the advanced technology over many years, even beyond the period of 20 years, and considering the low cost maintenance of the systems alongside convenient bank funding, it is clear that the investment in photovoltaic systems reflects a safe investment in a solid channel that yields relative to the high return of invested equity.

In addition to Lahav Green Mountains, through subsidiary Nova Solar Ltd., there are also a number of projects that, as of the date of this document, in different stages of development, to install medium sized photovoltaic devices (for the production of over 50 kW of electricity), though as of this date there is no certainty that the development activities will indeed mature and the projects in development will indeed be established.

Project name

Owners of the property where the project is being established (landlord)

End of lease (depending on the date most of the devices were connected to the power grid)

End of the agreement with IEC (depending on the date most of the devices were connected to the power grid)

The number of roofts with tariff approval as of the publication date of the report

Number of roofs with devices

Project Yokneam

Yokneam municipality

8/2031

8/2031

6 roofs/ 160.08 agorot per kW

6

Project Mazkeret Batya

Mazkeret Batya Regional Council

11/2013

11/2032

4 roofs/ 92.95 agorot per kW

4

Project Hof Ashkelon

Hof Ashkelon Regional Council

12/2032

12/2032

2 roofs/ 92.95 agorot per KW

1 roof/ 66.37 agorot per kW

3

Project Elad

Elad municipality

3/2032

3/2032

6 roofs/ 66.37 agorot per kW

6

Project Sofa

Kibbutz Sofa

8/2031

8/2031

1 roof/ 160.08 agorot per kW

1

Project Hazor

MKSheli Ltd

6/2031

6/2031

1 roof/ 160.08 agorot per kW

1

Project Beitar Illit

Beital Illit municipality

4/2033

4/2033

7 roofs/ 66.37 agorot per kW

7

Project Yeruham

Yeshivat Hesder Yeruham

6/2033

7/2033

1 roof/ 92.95 agorot per kW

1

Project Hof Hacarmel

Hof Hacarmel Regional Council

10/2032

10/2032

4 roofs/ 92.95 agorot per kW

4

1 roof/ 66.37 agorot per kW

1

Project Ma'alot Tarshiha

Ma'alot Tarshiha municipality

12/2032

12/2032

4 roofs/ 92.95 agorot per kW

4

       

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