en.Wedoany.com Reported - Israel's Ministry of Energy, Ministry of Finance, and the Electricity Authority recently confirmed that the financial arrangements for the country's largest solar power plant project, located near Dimona in the Negev Desert, have been completed, and the project is set to move forward following the approval of the final agreement. The project, built by French company EDF Renewables, has an installed capacity of 265 MW and covers an area of approximately 3,000 dunams (about 740 acres). Utilizing photovoltaic technology, it is expected to provide Israel's lowest electricity cost, with a tariff below 0.065 new shekels per kilowatt-hour (approximately $0.022).
EDF won the tender in August 2024 at a record low price, with construction plans set to begin immediately and completion expected in about two years. This Israeli solar power plant project is part of the government's goal to expand renewable energy, aiming for renewables to meet 30% of domestic energy demand by 2030. The operation will adopt a Public-Private Partnership (PPP) model, where the company is responsible for the design, financing, construction, operation, and maintenance over 25 years, after which ownership will be transferred to the state. The initial phase does not include energy storage facilities, limiting power generation during off-peak hours.
In an interview with the Jewish News Syndicate regarding this Israeli solar power plant project, Minister of Energy and Infrastructure Eli Cohen stated: "This plant is great news for the entire State of Israel, and especially for the southern region." He noted the south's abundant sunshine and its potential to become a hub for clean energy production, emphasizing that the project will strengthen energy security, create jobs, and propel Israel to become a leader in the field of artificial intelligence. Government officials revealed that this project, combined with other renewable energy projects in the Ashalim area, could provide a total capacity exceeding 800 MW.
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