Shikun & Binui Renewable Energy Ltd, the renewable energy arm of Israel conglomerate Shikun and Binui will own the plant, which will be located near the village of Zeélim.
Revenue for the Israeli power electronics company rises 22% sequentially in third quarter to reach $166.6 million. More than 676 MW of inverters shipped helped drive gross margin of 34.9%.
Tier-1 module manufacturer Canadian Solar has announced joint venture between its wholly owned subsidiary in Israel and Menora Mivtachim, one of the country’s largest finance and insurance groups. The aim of the venture is to finance, develop, construct and own solar power projects in the Middle Eastern nation.
In the latest tender for PV projects up to 12 MW held in March, the Israeli government allocated around 235 MW of solar capacity. Overall, the Middle Eastern country has reached cumulative PV capacity of over 900 MW.
Israeli module level power electronics firm posts highest gross margin to date despite slowdown in U.S. residential market, which remains the firm’s chief revenue stream.
The Israeli manufacturer today announced that it has completed the retrofitting of its robotic cleaning technology to the 40 MW Ketura solar plant in southern Israel.
Despite the encouraging news coming lately from other Middle Eastern markets, Israel remains the region’s most hopeful case for solar PV development. But will Israel seriously decide to boost its photovoltaic sector in 2015? Or are we set for yet another year of generally positive installations but nothing close to what Israel could or should achieve?
A tender for a new 50 MW solar PV park in Israel will be launched on Monday. pv magazine has the story exclusively ahead of the tender’s official announcement.
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