Shikun & Binui Energy has been awarded a tender to build 100 MW to 130 MW of PV and 180 MWh to 240 MWh of storage capacity, next to six interchanges in Israel. The tender was awarded by Trans Urban a state-owned enterprise that oversees for the country’s longest road, the Cross-Israel Highway.
Shikun & Binui Energy will be responsible for building and operating the project for 25 years, after which it transfer its ownership to Trans Israel. The project is valued at ILS 450 million (US$119.8 million) to ILS 550 million (US$145.96 million) and is expected to generate revenues of ILS 60 million (US$16 million) to ILS 70 million (US$18.6 million) per year.
The construction of the project will start in the first quarter of 2025 and will take six to 12 months to complete.
Country updates
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October 10, 2023
Agreement announced for new project promoter for Greece-Cyprus-Israel electricity interconnector
EuroAsia Interconnector Limited and the Independent Power Transmission Operator (IPTO) of Greece announced they have reached an agreement for the designation of IPTO as Project Promoter of the Electri...
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September 26, 2023
Tender launched for 100 MW solar project in Ashalim
The Ministry of Energy and Infrastructure has issued a tender for the construction of a new 100 MW solar PV plant near the southern village of Ashalim, Israel. The station will be...
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September 26, 2023
Power purchase agreement signed for 108 MW/433 MWh of solar-plus-storage capacity project
Teralight has signed a 23-year power purchase agreement (PPA) for 108 MW/433 MWh of solar-plus-storage capacity project in the Jezreel Valley, northern Israel. Teralight is...
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September 20, 2023
Construction completed for 31 MW floating PV project in Israel
Teralight has completed the largest floating PV project, deploying 31 MW of capacity on two water reservoirs in the northern part of Israel. This floating PV system spans across two water resou...
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August 15, 2023
Teralight plans to build 314 MW of Israeli solar projects
Solar Tech, a subsidiary of Teralight, has announced plans to build 314 MW of new solar projects across Israel. The company revealed that the projects will be separated into two groups of sub-installa...
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