A new study calculates that about one-fifth of all water goes toward the production of crops and commodities for export, part of a global phenomenon known as “virtual water” that researchers say could place pressure on finite water supplies in some nations.
Using worldwide trade indicators, demographic data,
SunPower, Silicon Valley’s biggest solar panel manufacturer, announced Thursday an agreement to buy SunRay Renewable Energy, a developer of solar power plants in Europe and Israel, for $277 million.
Although based in Malta, SunRay is managed by Israelis, including CEO Yoram Amiga and Michael Barnea, Head of Legal and M&A. SunRay established a wholly-owned Israeli subsidiary, SunRay Israel Blue & White, which is working to develop 100 megawatts of solar photovoltaic projects.
Kobi Katz, the CEO of SunRay Israel, told The Marker the sale was a vote of confidence by SunPower in the Israeli solar market.