It looks like yet another investment firm has set up to power solar energy in Israel, taking advantage of Israel’s guaranteed feed-in tariff rates for the next 20 years. According to the business paper Globes, Enlight Renewable Energy (yet with no website in English), is looking to secure financing, yet has won the rights to “BOT” (build, operate, transfer) in 25 solar energy installation projects.
Setting up and operating the solar projects with its investors, the company plans on selling the energy back to the Israel Electric Corporation (IEC) (TASE: ELEC.B22) over 20 years. This rule applies to photovoltaic systems of up to 50 kilowatts. (This is what Globes reports, but I think they mean 50 megawatts – see Jonathan Shapira’s post on new feed-in rates for wind and solar power.)
This is a sure thing investment in uncertain times. And it’s good for the planet. It’s not clear if smaller private investors can bring capital to the project, but it might be worth contacting the company if you are interested in investing in solar power.
“The systems will be installed at locations on the Golan Heights, Jezreel Valley, and Carmiel in the north, in Arad and Beersheva in the Negev, and elsewhere.
The company already has a deal to install a photovoltaic system on the roof of the dairy of Moshav Yonatan on the Golan, which has one of the largest cowsheds in the north, with an area of over 10,000 square meters,” according to Globes (links to site not article).