Solar-plus-storage beats fossil energy in bidding for new Israeli electric generation

first_img FacebookTwitterLinkedInEmailPrint分享Haaretz:Gilad Yavetz, CEO of Enlight Energy, called it “an energy revolution” for Israel. On Tuesday, his company and two others were awarded the country’s first-ever contract to build photovoltaic power stations backed up by battery storage that will generate electricity at a lower cost than fossil fuels.Enlight, Doral Group and Ellomay Capital, all traded on the Tel Aviv Stock Exchange, won a tender from the Electricity Authority to supply 168 megawatts of power annually over 23 years at a price of just 19.9 agorot (less than 6 cents) a kilowatt-hour.That cost is about 25% less than the power-generation component used to set electricity rates for power generated by natural gas and coal, Israel’s two biggest sources of energy. That figure doesn’t reflect the cost of so-called externalities such as air pollution and increased incidence of respiratory disease that come with fossil fuels.“The ability to produce and store solar electricity and supply it at all hours at a price of 20 agorot per kilowatt-hour has made renewable energy competitive with conventional energy from gas at all hours of the day and enables us to produce electricity from renewables in huge amounts,” Yavetz said.In Israel, the Electricity Authority said the tender marked an important milestone on the way to meeting the goal, set by Energy Minister Yuval Steinitz last month, of generating 30% of Israel’s electricity by renewables. The goal is to wean Israel off coal use altogether, although given Israel’s big reserves, gas will remain the key power source.Doral was the main winner in the bidding, winning rights to build a 100-megawatt solar farm with storage capacity of 400 megawatts. Its shares closed up 8.6% on the TASE on Tuesday. Enlight, whose shares rose 1.6%, said it won rights to build a 48-megawatt facility. The company said it would be building a facility with 130 megawatts of capacity to ensure a steady supply to the national grid of 48 megawatts throughout the day thanks to its storage capacity.[Yoram Gabison]More: An energy revolution for Israel: Solar power to be cheaper than fossil fuel Solar-plus-storage beats fossil energy in bidding for new Israeli electric generationlast_img

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