Arctech Solar Lands 11.4MW Order in Israeli Market

• Arctech Solar Holding Co Ltd has signed an 11.457-MW order with Israeli telecommunications and energy firm Nextcom Ltd to deliver its SkyLine II solar tracking system to Israel. This marks Arctech's first entry to the Israeli market. Experience 607-MW IBRI II project in Oman & 2.1-GW Al Dhafra PV2 project in Abu Dhabi. Nextcom has a ILS-41-million contract for 3 solar-plus-storage projects across 2 sites in Israel.

Arctech Solar Holding Co Ltd has signed an 11.457-MW order with Israeli telecommunications and energy firm Nextcom Ltd to deliver its SkyLine II solar tracking system in Israel. This project marks Arctech's first foray into the Israeli market. The Chinese manufacturer has previously developed 607-MW IBRI II project in Oman and the 2.1-GW Al Dhafra PV2 project in Abu Dhabi. Meanwhile, Nextcom has signed a contract worth ILS-41-million (USD 11.0m/EUR 10.1m) to build three solar-plus-storage projects across two sites in Israel. This order from Nextcom is a major step for Arctech in extending its solar tracking system to the Israeli market.

What Impact Will Arctech's Move Into Israel Have?

• It is expected that the 11.457-MW project will make Arctech Solar Holding Co Ltd the leading supplier of solar tracking systems in Israel.
• With this landmark project, Arctech Solar Holding Co Ltd will be able to provide quality solar power solutions to the Israeli market.
• The project will help to bring solar energy rates down and make it more accessible to the Israeli public.
• Arctech Solar Holding Co Ltd’s increased presence in the Israeli market will help create more jobs, stimulate economic growth, and help to reduce the country’s dependence on coal and other non-renewable sources of energy.
• The project will also help to promote renewable energy sources in the country, allowing for a more sustainable and environmentally friendly energy system.
• Arctech Solar Holding Co Ltd’s move into Israel is also likely to stimulate further foreign investment in the country’s renewable energy sector.
• The project will help to reduce greenhouse gas emissions in the region, resulting in a cleaner and healthier environment.