Cornerstone Laid At Ashalim CSP Plant In Israel

Posted by SI Staff on June 11, 2015 No Comments
Categories : Projects & Contracts

15373_megalim_croped Cornerstone Laid At Ashalim CSP Plant In Israel Megalim Solar Power Ltd. has hosted a cornerstone ceremony for its 121 MW Ashalim Plot B concentrating solar power (CSP) project in Israel's Negev Desert.

The facility features a 240-meter solar tower at the center of a 3.15 square-kilometer field covered by over 50,000 sun-tracking heliostats. The Ashalim Plot B power facility is part of the Ashalim solar complex, which includes two CSP projects and one photovoltaic project. The Ashalim Plot B facility is scheduled to be completed in 2017.

In total, these facilities are expected to have a capacity of 300 MW, about 2% of Israel's electricity production. Israel says it is committed to generating 10% of its electricity from renewable sources by 2020.

The Ashalim Plot B plant is being constructed by a consortium led by France-based Alstom and including U.S.-based BrightSource Energy. Both of these firms own 25.05% of the project. The remaining 49.9% is owned by the Noy Fund. Approximately 80% of the project funding is being provided by an Israeli banking syndicate, led by Bank Hapoalim and by the European Investment Bank.

‘From 2018 onward, Megalim and the Ashalim Plot B project will deliver a real contribution to Israel's diversification and de-carbonization of its energy sector,’ says Israel Kroizer, executive vice president of engineering and operations for BrightSource Energy (Israel).

Leave a Comment