Israel’s plan to recover from Covid-19 crisis includes 2 GW of new solar/ Israel’s Ministry of Energy has announced a new energy and water infrastructure plan to help the country’s economy to recover from the impact of the Covid-19 pandemic. The plan will require a total investment of ILS25 billion ($7.1 billion), of which ILS6.5 billion will be used to fund the deployment of 2 GW of additional PV capacity across the country. In order to support these plans, the government will devote ILS500 million in state guarantees to support project development. In addition, the Israeli government said it will try to remove barriers to facilitate rapid and efficient development, while improving the grid-connection process for projects. The new plans also include the re-tendering of a canceled procurement exercise for the Dimona solar power plant in the Negev desert. The capacity of the project will be expanded from 300 MW to 500 MW and the new tender is expected to mobilize investments in the amount of ILS1 billion, the government said.
PV Magazine 29th April 2020 read more »