Renewable Energy and Environmental Technology
Allwira & Angel specializes in providing consulting, financial, legal and management services for bilateral companies seeking opportunities for doing business in Israel. Our local experts supply guide, support and accompany foreign companies applying for government grants and funds for their projects. Our clients turn to us as strategic partners, accounting services suppliers and business consultants for their international businesses.
Our exclusive services for renewable energy and environmental technology include:
- Accompanying and assisting clients applying for Chief Scientist grants
- Obtaining work permits in Israel
- Payroll accounting
- International tax strategy for the purpose of avoiding double taxation between Germany and Israel
- Business development for companies seeking to penetrate the Israeli market
- Accounting and bookkeeping for renewable energy and environmental technology companies operating in Israel and Germany
Renewable energy derived from the ocean, the sun, wind, hydropower, biomass, geothermal resources, biofuels and hydrogen has been one of the world’s most important burgeoning fields for the past 30 years. Most developed countries, including the U.S., Germany, India, the U.K., France, Sweden, Romania and Poland allocate significant annual budgets to lay the groundwork for renewable energy usage. More than $200 billion were invested last year worldwide in renewable energy infrastructures. Germany, as a part of the EU national action plan, met the targets for using the renewable instead of traditional energy by 2007. As a result, since 2014, Germany has derived about 30.8% of its net electricity production from renewable energy.
In contrast, Israel, a young country still discovering its natural energy sources, such as gas in the depths of the Mediterranean Sea, has been involved with renewable energy for a while. Since Israel is a sunny country, there are a number of important Israeli projects established for the purpose of generating renewable energy, mostly from the sun. Brenmiller Energy, Ormat, SolarEdge, Aora Solar, Millennium Electric and more develop technologies for enhancing energy efficiency by harnessing the power of the sun.
Both Germany and Israel have taken steps towards making the world more energy efficient and green. Germany has set a goal of increasing its sales of environmental technology to the point where they surpass those of the automotive or mechanical engineering industries by 2020. For its part, Israel has launched the drip-irrigation plastic emitter, a technology that allows for significantly more efficient watering of crops and saves twice the water of a traditional sprinkler irrigation.
Recently, the Israeli government decided to join the global movement and follow other OECD countries in the front lines of fighting global warming by setting a target of 20% usage of renewable energy in Israel by 2020. With the Israeli government responsible for regulations and legislation, the private sector is generating more and more innovative projects and startups in the renewable energy and environmental technology sectors, all of which are seeking penetration into the European and U.S. markets.
Allwira & Angel occupies a specific niche assisting German companies operating in Israel and Israeli companies operating in Germany. We supply our clients with professional accounting, financing and taxation services. Companies interested in German-Israeli collaboration will enjoy unique services from Allwira & Angel, from guidance in establishing a presence in Israel to help in developing a taxation strategy taking into account the company’s capital structure and its vision.