EDF Renewables as well as Masdar to team up on Israeli solar projects

Jan 22, 2021 01:13 PM ET
  • EDF Renewables Israel, a subsidiary of French energy EDF, and also Abu Dhabi-based solar programmer Masdar have actually consented to interact on renewable energy projects in Israel.
EDF Renewables as well as Masdar to team up on Israeli solar projects
Image: Masdar

Masdar as well as EDF Renewables Israel will certainly work together on a variety of existing renewables projects in addition to work together on new websites revealed by the government of Israel. Mohamed Jameel Al Ramahi, president of Masdar, and Bruno Bensasson, chairman and CEO of EDF Renewables, authorized a memorandum of understanding (MoU) at a virtual ceremony this week as part of Abu Dhabi Sustainability Week (ADSW). Masdar started the week of conferences by signing a previous MoU to explore green hydrogen energy generation for Abu Dhabi's aeronautics, delivery as well as transport infrastructure.

Both firms are currently collaborating on similar projects in the center East and also North Africa, including the 2GW Al Dhafra project in the UAE, which will be the world's biggest solar energy area when it is completed.

The announcement comes as Israel's Energy Ministry aims to meet ambitious targets for a renewables market boom laid out last year. The ministry released a strategy in June to invest 80 billion Israeli Shekel (US$ 23 billion) of government and personal financing to release up to 15GW of solar by 2030, covering 30% of the nation's electrical energy demands. The country covered simply 5% of its energy generation via solar in 2019, according to IRENA.

Energy minister Dr Yuval Steinitz-- that was reconfirmed to his duty in mid-May-- stated that solar would be central to a more comprehensive energy and also water infrastructure financial investment plan embeded in location to help financial recuperation in the wake of the COVID-19 pandemic.

The federal government held two auctions for solar-plus-storage projects last year. Michael Salomon, CEO at working as a consultant Clean Horizon, informed sis publication Energy-Storage. news the initial, which saw 168MW of solar and also 672MWh of energy storage, placed the country "on the map" in the renewables industry. An additional public auction at the end of last year granted contracts for 609MW of solar PV alongside 2.4 GWh of energy storage space.

Steinitz, Israel's Minister of Energy, said the collaboration between and also EDF is an "expression of self-confidence in Israel's energy market as well as will certainly help us accomplish our objective of becoming a world leader in solar power within 6 to seven years."

Masdar employer Al Ramahi included that Israel and also the UAE have "started a brand-new age of co-operation on renewable energy" which will help both to reach their energy mix targets.

Although Israel's solar capability drags adjoining countries in the Middle East today, EDF's Bensasson stated the nation has "long-lasting possibility" to become a competitive market in the market.

" I am extremely satisfied to reach brand-new locations, our relied on collaboration with Masdar as well as to authorize this tactical partnership today in Israel," he stated.

" By joining our pressures with Masdar on the Israeli market, we will enhance the leading setting that the groups of EDF Renewables Israel have actually accomplished over the last decade."

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