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.
Jun 15 - Jun 16, 2021
Looking at the drivers and dynamics of utility scale solar in the UK & Ireland over the next five years. This event will consider the immediate challenges as we enter the build phase in both these markets where we could see as much as 4GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in both markets?Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.
Feb 03 - Feb 04, 2021
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.