Negev Energy to build a 121 MW thermo solar power plant in Israel
Post date: 15/04/2019 - 15:01
Negev Energy is building a 121 MW thermo solar power plant in the Negev Desert of Israel near Ashalim Village. It is based on parabolic through technology. The plant is leveraged by a molten salt storage system which enables it to store and provide additional 4.5 hours in full capacity of clean energy each day even after sunset or during cloudy sky, allowing 11 hours (yearly average) of daily operation.
At approximately 390 hectare, Negev Energy’s plant is Israel’s largest renewable energy project, says the company. It will be built and operated under a concession agreement with the State of Israel. The output will be sold directly to Israel Electric Corporation. The country targets to generate 10 percent of its power from renewable energy sources by 2020.
Negev Energy Ashalim Thermo-Solar Ltd. is a special purpose company established for planning, financing, constructing and operating the solar facility under a B.O.T (built, operate, transfer) Concession Agreement for a period of 28 years. Beginning July 2015, the State of Israel commissioned Negev Energy to commence the 3 years construction period to be followed by a 25 years of commercial operation period. Negev Energy is held by Shikun & Binui Renewable Energy, a subsidiary of Shikun & Binui group (50 percent), Noy Fund (40 percent) and TSK (10 percent).