EDF Renewables and Masdar to collaborate on Israeli solar projects

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: Masdar.

EDF Renewables Israel, a subsidiary of French utility EDF, and Abu Dhabi-based solar developer Masdar have agreed to work together on renewable energy projects in Israel.

Masdar and EDF Renewables Israel will collaborate on a number of existing renewables projects as well as work together on new sites announced by the government of Israel. Mohamed Jameel Al Ramahi, chief executive of Masdar, and Bruno Bensasson, chairman and CEO of EDF Renewables, signed a memorandum of understanding (MoU) at a virtual ceremony this week as part of Abu Dhabi Sustainability Week (ADSW). Masdar kicked off the week of conferences by signing a previous MoU to explore green hydrogen energy generation for Abu Dhabi’s aviation, shipping and transport infrastructure.

Both companies are already collaborating on similar projects in the Middle East and North Africa, including the 2GW Al Dhafra project in the UAE, which will be the world's largest solar energy field when it is completed.

The announcement comes as Israel’s Energy Ministry strives to meet ambitious targets for a renewables sector boom set out last year. The ministry released a plan in June to invest 80 billion Israeli Shekel (US$23 billion) of government and private funding to deploy up to 15GW of solar by 2030, covering 30% of the country’s electricity needs. The country covered just 5% of its energy generation through solar in 2019, according to IRENA.

Energy minister Dr Yuval Steinitz – who was reconfirmed to his role in mid-May – said that solar would be central to a broader energy and water infrastructure investment plan set in place to aid economic recovery in the wake of the COVID-19 pandemic.

The government held two auctions for solar-plus-storage projects last year. Michael Salomon, CEO at consultancy Clean Horizon, told sister publication Energy-Storage.news the first, which saw 168MW of solar and 672MWh of energy storage, put the country “on the map” in the renewables sector. Another auction at the end of last year awarded contracts for 609MW of solar PV alongside 2.4GWh of energy storage.

Steinitz, Israel's Minister of Energy, said the partnership between and EDF is an “expression of confidence in Israel's energy market and will help us achieve our goal of becoming a world leader in solar energy within six to seven years.”

Masdar boss Al Ramahi added that Israel and the UAE have “embarked on a new era of co-operation on renewable energy” which will help both to reach their energy mix targets.

Although Israel’s solar capacity lags behind neighbouring countries in the Middle East at present, EDF’s Bensasson said the country has “long-term potential” to become a competitive market in the sector.

“I am very happy to extend to new geographies, our trusted partnership with Masdar and to sign this strategic alliance today in Israel,” he said.

“By joining our forces with Masdar on the Israeli market, we will strengthen the leading position that the teams of EDF Renewables Israel have achieved over the last decade.”

Read Next

November 29, 2021
A round-up of the latest project news from across the world, including Masdar’s plans to develop solar in Armenia, TotalEnergies completing its largest project in France and Shikun & Binui expanding its US energy portfolio.
November 24, 2021
Israel and Jordan are set to swap solar power for desalinated water after the two countries signed a declaration of intent earlier this week.
PV Tech Premium
November 19, 2021
In recent years the solar industry has seen some of the largest and cheapest contracts awarded in the MENA region. But with concerns over component price and availability, what can the industry expect from the solar sector in the MENA region in the medium-term?
November 8, 2021
Abu Dhabi has said it will bring its renewables capacity up to 8.8GW by 2025 as it seeks to reduce emissions associated with power generation by 50% over the next decade.
November 8, 2021
Andor Savelkouls and Jonathan Bell of Altenex Energy, a subsidiary of Edison Energy, assess the flaws in how corporates currently procure renewable electricity, and how slight tweaks to the system can make it more accurate and cleaner.
November 2, 2021
Grid outages in Australia dented the performance of UK-based solar asset owner Foresight Solar Fund (FSFL) in the first nine months of the year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal