Afcon Holdings

Apekone develops and provides comprehensive solutions for smart-world infrastructure, specializing in large-scale construction projects that integrate systems across multiple domains.

Afcon secures a **$24 million contract** for battery-based energy storage systems with a **45 megawatt capacity** in Israel. The deal supports the company’s expansion in the renewable energy sector, where battery storage plays a critical role in grid stability. Afcon, a Tel Aviv-listed firm, positions battery solutions as a primary driver for future growth amid rising demand for clean energy infrastructure.

Apr 2026ynetglobalNews article

Afcon and Namco Realty form a joint venture to develop solar, storage, and smart-energy systems across US properties. The partnership targets up to 65 MWp of capacity and anticipates pre-leverage returns of 11%–13%. The collaboration marks Afcon’s expansion into the US energy sector.

Nov 2025ynetglobalNews article

Israel’s Environmental Protection Minister Tamar Zandberg proposes a five-year moratorium on new wind farms to assess their ecological effects. The National Infrastructure Council recently approved seven wind turbines in the Golan Heights, comparable in height to Tel Aviv skyscrapers. The pause aims to evaluate potential risks to local wildlife and natural habitats before further expansion.

Jul 2022timesofisrael.comNews article

Afcon Holdings Group and Tadiran Telecom executives are presenting the communications subsidiary to potential buyers, including Aenoix, enterprise communications solutions provider, and Globes. The Shmeltzer family-controlled company values Tadiran Telecom at **$30 million** according to industry sources.

Jun 2016TelecompaperNews article