Megalim Solar Power Ltd, a company established by Brightsource, Alstom and the NOY Infrastructure & Energy Investment Fund has received funding from the European Investment Bank and Bank Hapoalim in order to construct a 121MW solar thermal plant in Israel.
The Ashalim Thermal Solar Power Station, which will generate enough energy to power 120,000 homes when completed, will be built in the Negev desert and is scheduled to be completed in early 2017.
The project was further realised after a power purchase agreement (PPA) was signed between Megalim and the State of Israel in November 2013.
Alstom will take on the engineering, procurement and construction (EPC) services for the project while also assuming operation and maintenance (O&M) duties for 25 years after the plant is completed. Brightsource will provide heliostats and optical concentration devices for the plant.
Jérôme Pécresse, president of Alstom Renewable Power, said: “The project is a further step in our partnership with BrightSource and our first success together in the solar thermal power market. It paves the way to provide cost-efficient and reliable carbon-free power to our customers. This project reinforces solar thermal power’s position in Alstom’s strategy, as the desert and the sun can support sustainable growth.”
Correction: This story was updated from its original, which incorrectly stated Ashalim was a PV power plant.