GADOT SOLAR SOLUTIONS VERTREIBT UND INSTALLIERT DAS SOLAREDGE ENERGIEGEWINNUNGSSYSTEM AB SOFORT IN GANZ EUROPA

Hod Hasharon and Herzelia, Israel—May 26, 2010—Gadot Solar Solutions and SolarEdge today announced a joint agreement for the worldwide distribution and installation of SolarEdge power harvesting systems. Gadot Solar Solutions has a strong international presence, with offices in Greece, Bulgaria, Italy, Israel and France, which will dramatically increase SolarEdge activity in these and other European markets.

The SolarEdge solar power harvesting solution includes PowerBoxes, which are module-integrated power optimizers, solar inverters and a monitoring portal. This unique end-to-end solution enables production of up to 25% more energy from PV systems, while reducing costs and complexities. It also ensures safety during installation, maintenance and firefighting events. 

Gadot Solar Solutions sells turnkey PV systems, provides EPC and invests in PV projects worldwide. It is part of Gadot Group, Israel's largest chemical value chain company with over $650M annual turnover and 700 employees, and Merhav Group, one of Israel's largest energy group with achieved energy projects over $7B and huge logistics facilities in the region and all over Europe.

“We are delighted to add the SolarEdge system to our product portfolio. In addition to increasing energy yield, the SolarEdge PowerBoxes detect and report any panel under-performance, allowing us to offer proactive post-installation support while saving valuable time and costs. We see a very fruitful partnership ahead of us”, said Avigdor Huber, General Manager at Gadot Solar Solutions.

“Gadot has vast experience in project management and extensive market reach. We are glad to join forces in the distribution of SolarEdge systems,” said Zvi Lando, VP Global Sales at SolarEdge. “We are excited about our entry into new markets including Bulgaria, Greece and the Balkan region”

About Gadot Solar Solutions

Gadot Solar Solutions is primarily active in project development in Europe with projects in pipeline in excess of 50MW.  Gadot Solar Solutions is now in the process of expanding its presence in the Balkans. The company has vast experience in the distribution of PV panels and inverters, in the management of large scale development projects and in tailoring unique financing solutions to such projects, offering solutions for each transaction and treating each customer as a long-term partner. For more information, please visit http://gadotsolar.com/. 

About SolarEdge

SolarEdge provides the world's first end-to-end Distributed Solar Power Harvesting and PV Monitoring solution, allowing maximum energy production at a lower cost. The SolarEdge PowerBoxes™ are DC-DC power optimizers that perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, PowerBoxes always maintain a fixed DC string voltage, allowing optimal efficiency of the SolarEdge PV inverter, which is tailor made to work with power optimizers. As a result, the SolarEdge system provides more power from any given PV system installation, eliminates design constraints, provides complete panel-level and whole-system visibility for monitoring and maintenance alerts, solves all safety hazards and provides anti-theft mechanisms, all while reducing the cost of energy. The company works with industry-leading partners to embed its active electronics directly into PV panels. SolarEdge is online at www.solaredge.com

Press Contacts: 

Yael Eldar
SolarEdge
 +972-54-4419940
yael.e@solaredge.com

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