Afcon Renewable Energy Ltd, a subsidiary of the Afcon Group, was established in 2020 and specializes in the initiation, development, financing, establishment, management and operation of projects in the field of electricity generation from renewable energy sources. Afcon Renewable Energy has a diverse portfolio of profitable projects, under construction and nearing construction, in various initiation stages, in Israel and in several other countries throughout Europe, as well as a strategic partnership with institutional entities whose goal is to invest in projects in Europe.

The company’s senior staff has an enhance experience and expertise in initiating and managing complex renewable energy projects on a wide scale and has proven successes in the industry. In a world where renewable energy occupies an increasing share of the total energy produced in the world, the company’s experience and expertise in the field of energy, combined with the establishment, financing and operating capabilities of the Afcon Group, position it as a leading player in the local and international market.

Afcon Renewable Energy specializes and active in the entire value chain in the life of the project, from the initial initiated phase to the commercial operation of the project.

Afcon Renewable Energy strives and works to significantly promote the efficient utilization of innovative energy sources and thus contribute to making a greener, cleaner and much more economical world

Financial Strength

Operational Portfolio

Institutional Cooperation

Experienced Management Team

International Presence


Financial Strength

Low credit liabilities and steady revenues stream form operative assets; Financial stability of the shareholders

Operational Portfolio

Steady revenue streams based on
low market risk

Institutional Cooperation

Partnership with Israeli institutional bodies to initiate renewable energy projects in Europe with an investment value of € 110 million

Experienced Management Team

Experienced renewable energy professionals in the target markets

International Presence

International presence of employees and managers in the countries of operations


Afcon Holdings (100%) has proven capabilities in the development, construction and operation of projects

An Experienced Management Team


Israel Raif

Chairman, Afcon Group

Chairman of Afcon Group and its subsidiaries, Shir Shlomo Real Estate, AKI Autoclub and Shlomo Garage & Road Services chain. Previously served as CEO of several companies in the Shlomo Group.

David Hareli

CEO, Afcon Group

Previously was a deputy to CEO of Afcon Group, after 30 years in the Israeli Navy, served as a colonel and managed system-intensive projects. Among recent positions, was the head of a submarine project in Germany and the Head of the Planning and Logistics Department. Engineer with a BSC degree in electrical engineering.

Tal Raz

CEO, Afcon Renewable Energy

With over 20 years of experience in senior positions and having a respected acquaintance in the capital market. Among his most recent positions, served as Chief Financial Officer at Shikun & Binui and as CEO of Clal Finance Ltd.


Dimitrios Antoniou

Executive Vice President, Afcon Renewable Energy

Senior Executive spearheading the company’s business development efforts. Formerly an EBRD banker and project finance director for a flagship subsea HVDC interconnection project, and risk manager for a leading boutique London based hedge fund specializing in Fixed Income and Credit.

Jenny Halfin

CFO, Afcon Renewable Energy

Seasoned CPA, with extensive experience in managing and underwriting NR finance transactions in the Energy sector. Formerly Bank Leumi project finance director leading massive strategic projects.

Dominik Niedźwiedzki

Country Manager-Poland, Afcon Renewable Energy

Dominik has extended experience in the renewable energy sector gained in international companies. He has started his career in RES sector just after graduating from the Technical University in 2009 as a WTG technician.  Among recent positions, was the Project Manager of a construction site and operation Wind Farm.

Now Dominic manages the operations of the Poland division, located in Poland and responsible for various projects.

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