NESS Holdings LLP is an energy infrastructure platform operating as an Independent Power Producer (IPP) focused on developing, financing, and operating distributed energy systems across large commercial real estate portfolios in the United States.
The platform is supported by strategic partners that collectively control more than 300 commercial assets across 37 states, representing approximately 60 million square feet of real estate, including over 100 shopping malls, 175 retail properties, 27 office buildings, and 133 multifamily and mixed-use assets.
By combining large-scale real estate ownership with infrastructure development expertise, NESS deploys solar generation, battery storage, microgrids, and advanced energy management technologies that transform commercial properties into long-term energy infrastructure.
Namdar Realty Group is a privately owned U.S. commercial real estate owner and operator with a large, diversified national footprint. The firm owns and manages approximately 381 properties across 37 states, totaling more than 80 million square feet of commercial real estate spanning retail, mixed-use, and other asset classes.
Within the NESS joint venture, Namdar serves as the real estate anchor and committed long-term offtaker, enabling disciplined, repeatable deployment of energy infrastructure across a controlled asset base. Its operational control and long-duration investment horizon support predictable demand, reduced counterparty risk, and stable long-term cash flows.
Afcon Renewable Energy Ltd, a subsidiary of the Afcon Holdings (TASE: AFHL), was established in 2020 and specializes in the full lifecycle development of renewable energy projects. The company is active across project origination, development, financing, ownership, construction, management, and commercial operation of renewable generation assets, with operations spanning Israel and multiple European markets.
Backed by the financial strength and infrastructure expertise of Afcon Holdings, Afcon Renewable Energy brings proven experience in delivering complex, large-scale energy projects. Its portfolio includes operating assets, projects under construction, and advanced-stage developments, supported by strategic partnerships with institutional investors targeting over €110 million of renewable energy investment in Europe.