Ashalim Solar Projects Hit Record Low Price

• Israel's fourth solar energy farm in Ashalim in the Negev Desert has begun operating at a record low price, part of government-backed renewable energy projects to generate 30% of electricity from renewable sources by 2030. EDF Renewables secures NIS 1 billion for seven other solar projects in Israel.

Israel's fourth solar energy farm at Ashalim in the Negev Desert has begun operating with a record low price of 8 agorot (2.2 cents) per kWh. The facility is the latest in a string of government-backed renewable energy projects in the country with the goal of producing 30 percent of Israel's electricity from renewable sources by 2030. The Ashalim facility is a public-private partnership between the government and the Israeli arm of French company EDF Renewables, with the developer responsible for the financing, construction and operation of the plant for 25 years. EDF Renewables has also secured NIS 1 billion in financing for seven other solar projects in Israel with a total capacity of 189 MW.

What is the Record Low Price of Israel's Ashalim Solar Energy Farm?

• The Ashalim Solar Energy Farm will provide Israel with 200 MW of solar energy.
  
• It is the fourth solar energy farm in Israel and the first one to operate with a record low price of 8 agorot per kWh.
• The facility is the latest in a string of government-backed renewable energy projects in the country.
• Its goal is to produce 30 percent of Israel's electricity from renewable sources by 2030.
• The Ashalim facility is a public-private partnership between the government and the Israeli arm of French company EDF Renewables.
• The developer is responsible for the financing, construction and operation of the plant for 25 years.

EDF Renewables has secured NIS 1 billion in financing for seven other solar projects in Israel with a total capacity of 189 MW.