Shemir Energy to Build Data Center in Israel

Shemir Energy, a subsidiary of Mivtach Shmuel, has signed an option agreement with Yisodot Eitanim, a real estate company, to build a data center in the Kinarot Industrial Park in Israel.

The data center will have a capacity of 100 MW and will be built on a 106-dunam plot of land, which is owned by Yisodot Eitanim, along with Group and Kibbutz Ashdot Yaakov Meuhad.

The agreement includes milestones that Shemir Energy must complete during the option period, including feasibility studies, obtaining permits, and financial closure.