Israeli solar energy developer Arava Power has signed long-term deals with 15 agricultural cooperatives to build midsize photovoltaic installations at an investment of 2 billion shekels ($533 million), according to Reuters.
The power plants will total 100MW and will average 6.5MW per field. Total investment is said to be 2 billion shekels ($544 million).
Arava will install the systems on cowshed and factory rooftops in the signatory cooperatives, the report says. The types of modules to be deployed or other balance of system details have not been disclosed.
Yosef Abramowitz, president of Arava, told the news agency that for each of the 15 midsize field locations, the company also plans to install a large-size field, adding another 500MW to its pipeline.
“Together with our partners from Siemens, we are weighing additional proposals from investors,” he added.
Siemens has invested heavily in Israeli companies recently, putting $15 million into Arava Power late last year to build ten 5MW solar fields and buying Solel Solar Systems in October for $418 million.
