Israel tenders for 609MW of solar, 2.4GWh of energy storage

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

An auction for solar-plus-storage in Israel has awarded contracts for 609MW of solar PV alongside 2.4GWh of energy storage.

The auction, held by the country’s Electricity Authority at the end of last year, sought distribution grid-connected solar capacity paired with four hour duration energy storage and cleared at a price of 17.45 Shekel cents per kilowatt hour (US$0.0544/kWh).

From 55 bids that were received from 10 companies – equivalent to some 870MW of solar capacity – a total of 33 bids from seven companies were accepted and awarded contracts.

It followed a previous tender held last summer which procured 168MW of solar and 672MWh, an auction which put Israel “on the map”, Michael Salomon, CEO at consultancy Clean Horizon, told sister publication Energy-Storage.news.

For more on this story, please visit Energy-Storage.news here.

In summer 2020 Israel’s Energy Ministry unveiled plans to mobilise tens of billions of Israeli Shekels to deploy gigawatts of solar and energy storage by 2030, aiding a plan to phase out the use of coal for power generation by the end of the decade.

Read Next

May 4, 2021
Spanish renewables developer and independent power producer (IPP) Grupo Ecoener has seen its shares slide on its market debut today.
April 30, 2021
Software company Accela is joining forces with the US Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) on a new platform offering faster permitting for residential solar and battery energy storage projects.
April 28, 2021
FTC Solar has downgraded the pricing of its initial public offering (IPO) and will list at a price of US$13 per share, rather than initial target range of US$18 – 20.
April 20, 2021
Amazon has announced plans for nine new utility-scale solar and wind projects in the US, Canada, Spain, Sweden and the UK, putting it on track to powering all its activities with renewables by 2025.
April 16, 2021
There was a more than fourfold increase in corporate solar funding in Q1 2021 compared with the same quarter last year, amid strong demand for PV assets globally, according to new analysis by Mercom Capital.
April 15, 2021
Maxeon Solar Technologies intends to raise up to US$143.75 million through a share issue to help finance planned capacity expansions and R&D, with long-time partner TZS committing to an investment.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021