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%.
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.
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.
The Parliament building has announced a tender for a 400 kW rooftop installation that will make it the greenest government HQ in the world.
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