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  HOME | Business & Economy (Click here for more)

Spanish Firm to Build Israelís Largest Solar Power Plant

OVIEDO, Spain Ė Spainís Solaer group will build the largest solar energy plant in Israel, a project in which it will invest some 80 million euros ($106.55 million).

The company announced on Monday that authorities in the Israeli municipality of Ramat Hovav approved the proposal made by Solaer subsidiary Sol Proyecto 7 Ltd. to lease 48.5 hectares of land.

The parcel will be transformed into the largest solar power array in Israel, with the capacity to generate 35 megawatts of electricity. It will be connected to the national electrical grid.

The future solar power park will not only be a clean energy installation but its construction will also serve to rehabilitate a very degraded area that has been used as an evaporation pond for wastewater.

The income obtained by Ramat Hovav will be used to rehabilitate other wastewater evaporation ponds in the area.

The CEO of Sol Proyecto 7 Ltd., Alon Segev, emphasized that the area had sought financing for various projects and a solution to the waste problem for 10 years, adding that the conclusion had been reached only recently that the funds could be obtained from the income generated by the future solar plant. EFE
 

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