Israel adds 290MW to PV development quota from other renewables

  • sshalom
    Silvan Shalom, Israel's Energy, Water, and National Infrastructures minister. Image: Wikimedia user: shalom.

Israel’s development quota for PV projects has increased by 290MW, after quotas for concentrated solar power (CSP) and wind farm projects were shifted to solar PV.

The country’s Ministerial Committee for Promoting Renewable Energy made the decision based on the relatively lower cost and greater ease of developing PV installations compared to the other sources.

In total, 200MW of CSP had been planned, along with 70MW of large scale wind and 20MW of small scale wind power. According to the ministerial committee, over the next 20 years, ILS2 billion ($566 million) could be saved by shifting the quota to PV plants.

Israel has a target in place of generating 10% of the nation’s electricity from renewable energy sources by 2020. The Jerusalem Post reported that the committee also believes the quota shift will make this target more readily achievable.

The move has a recent precedent, with 300MW similarly shifted in late 2012 from wind energy to solar.

Also, according to the Jerusalem Post, debts owed by developers of projects in the disputed West Bank territories will be underwritten by the state, due to the unwillingness of private institutions to provide financing once long-term political instability and other factors have been taken into account.

Next Generation Solar PV Finance
PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 24th Edition

    Signs earlier in the year of the global industry entering a growth phase have now been confirmed beyond any doubt. Almost all the big-name suppliers have now announced some form of manufacturing capacity expansion, a trend that analysts agree will only gather pace as long as the levels of demand predicted over the next few years turn out to be correct.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media