Solaredge sees slight profit growth in Q3
Despite a significant drop in turnover, the Israeli inverter maker was able to increase its net result in the third quarter of this year, in which it shipped around 1,415 MW of its products. In the first nine months of the year, the company’s revenue increased year-on-year from $1 billion to $1.1 billion.
Israeli government greenlights plan to add 15 GW of solar by 2030
The plan envisages to reach a 30% share of renewable energies in the country’s electricity mix by 2030. An intermediate target of 20% has been set for 2025.
Cooling PV panels with regasification of liquefied natural gas
Researchers in Israel have suggested the use of regasification of liquefied natural gas to reduce the operating temperature of PV modules in solar parks located at gas terminals. According to them, the feasibility of such a cooling solution could be strengthened by the fact that both the PV systems and the LNG regasification systems are, separately, mature, economical technologies.
Global daily round-up: Israel set to import solar power from Jordan and a hydrogen deal for South Holland
Plus, some 5 GW of solar could be heading to Botswana and Namibia and news of a new automotive fuel cell building in Ulm, Germany.
Covid-19 weekly round-up: Updates shed light on tough second quarter for solar industry firms
But Israeli inverter company Solaredge and Indian engineering, procurement and construction services provider Sterling and Wilson have both offered hope of a recovery in Europe as Chinese glass producer Xinyi said it kept the furnaces going throughout the worst of the pandemic.
SolarEdge up 12% after hours on second-quarter revenue and solid earnings – despite Covid-19
The inverter and energy storage company was able to maintain its streak of profitable quarters in what was expected to be a hard period for solar and the Israeli business said it sees “signs of recovery in the U.S.”
Israel’s solar-plus-storage tender concludes with final price of $0.0578/kWh
The government assigned 168 MW of capacity through the tender and selected three developers for 11 projects, with capacities of 100 MW, 48 MW and 20 MW.
Israel prepares 800 MW of pumped hydro storage
Renewables company Ellomay Capital has been forced to reduce the scale of its planned 340 MW Manara Cliff project, in the north of the country, because two rival schemes have already gobbled up a large proportion of the capacity quota currently offered by the government.
Israel wants another 15 GW of solar by 2030
Energy minister Yuval Steinitz has announced the country’s 2030 renewable energy target will rise to 30%, with solar expected to account for the lion’s share. Approximately $23 billion more clean energy investment is envisaged this decade.
Israeli national lottery supports rooftop PV program with $0.12/kWh feed-in tariff
The incentive scheme awards a 23-year, $0.12/kWh feed-in tariff to rooftop arrays with a generation capacity of up to 200 kW. Already, 141 municipalities have applied to install 116 MW of rooftop solar capacity and the government has increased the program’s budget from $28.5 million to $143 million.
