Israel

The government wants a 300 MW solar plant linked to large scale storage in the Negev desert. Construction is planned for late 2021 and completion in 2023.

The clean energy arm of Israeli conglomerate Shikun & Binui will own the 120 MW plant near the village of Zeélim.

China’s GCL-Poly Energy Holdings has agreed to lend US$110 million to GNE Development, a wholly owned unit of the group.

The scheme, set to be implemented over the next three years, includes net metering, FITs for small-scale solar, and a series of tenders.

The Israel-headquartered producer of power optimizers and inverters enjoyed a record year in 2017, increasing revenue by 24% to US$607 million and shipping more than 2.5 GW of inverters worldwide.

The Ashalim solar park is a 250 MW project that will combine concentrated solar power and photovoltaics once completed. JA Solar is sole supplier of the PV modules.

A new scheme aimed at supporting all rooftop PV segments is expected to be launched soon by the government. The new mechanism includes net metering, although with an additional grid fee covering storage costs, and FITs for small-scale solar. The government is also planning new auctions for rooftop solar geared towards new models of entrepreneurship.

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%.