Siemens Make Major Investment into Solar Energy

From RDMag.com

“Thanks to its intensive sunshine and steadily growing demand for energy, Israel is an ideal location for further developing our solar business.” The equity investment will make it possible to build Israel’s first commercial solar farms – to be located in the region between the Dead Sea and the Red Sea. The investment is aimed at constructing the solar fields with a significant proportion of Siemens know-how, delivering technology, e.g. inverter and transformers, ensuring new projects for the group. As Engineering Procurement Construction (EPC) contractor, Siemens will handle project management including engineering and construction of the photovoltaic plants. Overall, Siemens has concluded a framework agreement to build solar plants with a total output of 40 megawatts (MW).

The first project will be the construction of a plant with an output of up to 4.9 MW at Kibbutz Ketura, in the southern desert of Israel. Additional photovoltaic plants are already being planned for the Negev and Arava deserts and Israel’s aim is to meet around ten percent of its total energy needs with renewable energy plants by 2020.

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