Paz Oil has signed the contracts to build three PV energy plants at Kibbutz Hatzerim, Kibbutz Ein Hashlosha in the Negev, and at a site in the Galilee. The landowners of these sites will have the option to become partners of the projects. Total investment for the combined projects will reach an estimated investment of NIS 240 million, reports Globes.
Paz will design and build the power stations, operating over a 20-year contract period. The two Negev power plants will each have 5MW capacity, with the arrays built on 22.5-acre sites at a cost of NIS 90 million each. The Galilee power plant will have 3.5MW capacity, with the array built on a 15-acre site at a cost of NIS 60 million.
The Public Utilities Authority has now completed the regulatory process for operating mid-sized PV power plants yet many design and construction problems still remain for completing such facilities. Paz Solar expects to have the plants completed within 12 months.