Rooftop solar panels like these are SBY’s most popular product and will power up Israel and Italy.
In one of the largest deals ever for Israel’s local solar energy market, SBY Solutions Ltd an Israeli based solar energy company, plans to purchase more than $35 million worth of solar panels from the Chinese Suntech Power Holdings Company Ltd. It’s the same Chinese company that supplies solar PV panels to the San Francisco airport (links to PDF).
The photovoltaic (PV) solar panels will be able to provide as much as 18 megawatts of electricity in both Israel and Italy, where they will be installed, according to an article published in Globes. Suntech is the largest solar energy component company in China and is one of the largest in the world. SBY will use the panels for solar energy plants it will be constructing in both Israel and Italy.
This is not the first deal involving Israel and Chinese renewable energy companies. Other solar energy deals include a deal made between Chinese based ET Solar and Ventura Communications Internet Israel Ltd to supply Israel solar energy companies with much-needed solar panels. In another Israel-China deal, the Israeli solar tech company HelioFocus, based on research from the Weizmann Institute, will be invested in by China’s Zhejiang Sanhua in a $10.5 million agreement.
SBY is based at Moshav Nitzanei Oz in the Negev, and has installed 220 rooftop solar power facilities to date. SBY CEO Tamir Kaplinsky founded the company in 2008, and it has about 60 employees.
Both Israel and China see the need to become more involved in solar energy to provide a cleaner source of electricity. China has become one of the most polluted countries in the world, with much of its air pollution being the result of coal powered electric plants and industrial complexes.
In fact, air pollution caused by sulfur dioxide has become so bad in many parts of China, that a study conducted by the World Watch Institute in 2005 found that in cities like Guangzhou, fine particulate levels are up to five times US safety limits. And in Hong Kong, sulfur dioxide levels rose by 41 percent in 2005 alone, threatening the city’s competitiveness as the free-trade center of Asia.
While Israel’s air pollution problems are much less than in China, the growing amounts of air pollution in cities like Haifa, caused by chemical industries and oil refining, are becoming a matter of concern. Both Israel and China also have energy problems – with Israel having to import most of its energy in the form of crude oil and coal, and China changing from an energy producing company to one in which energy supplies have to be imported.
By developing solar energy for generating electricity, both countries can win.
::Suntech
Read more solar energy articles dealing with Israel cooperating with Asian countries:
Israeli and Chinese Company Work Together in Solar Energy Project
South Korea Looks to Collaborate With Israel on Renewable Energy
Israel’s Heliofocus Solar Energy Company Gets Chinese Investment
Author: Maurice Picow
Maurice Picow grew up in Oklahoma City, U.S.A., where he received a B.S. Degree in Business Administration. Following graduation, Maurice embarked on a career as a real estate broker before making the decision to move to Israel. After arriving in Israel, he came involved in the insurance agency business and later in the moving and international relocation fields. Maurice became interested in writing news and commentary articles in the late 1990’s, and now writes feature articles for the The Jerusalem Post as well as being a regular contributor to Green Prophet. He has also written a non-fiction study on Islam, a two volume adventure novel, and is completing a romance novel about a forbidden love affair. Writing topics of particular interest for Green Prophet are those dealing with global warming and climate change, as well as clean technology - particularly electric cars.
