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2020-06-04 11:05:00

ISRAEL SOLAR INVESTMENT $23 BLN

ISRAEL SOLAR INVESTMENT $23 BLN

ENERDATA - 3 Jun 2020 - The Israeli government has presented an ILS80bn (US$23bn) plan to increase the share of solar in the power generation to 30% by 2030, when solar power should cover more than 80% of the country's electricity needs at peak hours. Most of the funding will go to solar plants, which will be built by private operators. In addition, the government will finance the upgrade of the national grid and investments in energy storage. Israel aims at reaching 16 GW of solar capacity by 2030. In parallel, coal-fired generation will be completely phased out. As of May 2020, Israel's coal-fired power capacity stood at 4.8 GW and solar capacity at 1.4 GW, accounting respectively for 27%…

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Tags: ISRAEL, SOLAR, RENEWABLE, INVESTMENT,
Chronicle:
ISRAEL SOLAR INVESTMENT $23 BLN
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ISRAEL SOLAR INVESTMENT $23 BLN
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ISRAEL SOLAR INVESTMENT $23 BLN
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