Founders of the Arava Power Company in Israel have started a new firm that will focus on bringing renewable energy to countries in the developing world. Whilst Arava has made concrete inroads in their home country, with a 40MW photovoltaic solar farm on Kibbutz Ketura just north of Eilat among their most recent projects, Energiya Global Capital will have a much larger reach.
With President and co-founder Yosef Abramowitz at the helm, Energiya plans to spend $20 billion by 2020 on building 10,000MW of solar capacity in countries as far afield as Rwanda and Romania.
“We have a moral and strategic interest to end the burning of oil for electricity production worldwide by harnessing solar energy while also improving the lives of tens of millions of people,” he said.
So far a 59MW plant is underway, another 250MW plant is in the intermediate stages and Memorandum of Understandings are being forged in preparation to develop a 1,500 MW plant, according to PV Tech.
“Energiya Global is developing the first utility-scale solar PV project in Rwanda,” the company announced on their website. “Our local partner is the Agahozo-Shalom Youth Village for orphans of the Rwandan genocide.”
The company is also developing the first solar field in the Galapagos Islands off the coast of Ecuador in addition to two projects in the Ialomita region of Romania. Construction of an 8 MW project broke ground in May 2012.