israel

Israel-headquartered solar inverter supplier SolarEdge has announced that it will lay off about 900 employees to reduce operating expenses.

The Israeli government has published a tender seeking bids for a 100MW solar PV project to be built near the Ashalim settlement, a solar power hub in the country.

Electrification cable manufacturer Nexans has been awarded a €1.43 billion (US$1.59 billion) contract for a portion of the EuroAsia Interconnector subsea cable, connecting Greece and Cyprus.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has signed a framework agreement with solar developer Energix Renewables to supply 5GW of modules.

Solar Module Super League (SMSL) member Trina Solar has signed a 150MW module and tracker supply deal with Israeli PV developer Teralight.

The project is expected to be operational in the first half of 2024, with the total financial volume estimated at US$245.95 million.

Spanish water company Miya has acquired a minority stake in Xfloat, the Israeli floating PV tech developer.

Israeli renewable energy platform Enlight Renewable Energy has announced its intent to raise about US$293 million in an IPO of 14 million ordinary shares on the Nasdaq Stock Market.

Newly granted patents for solar cell architecture that reduces silver costs and increases power generation could see the new technology draw closer to commercialisation.

As Israel faces limited available space for new utility-scale solar projects, repowering older plants is a trend that’s set to grow.