Israel completed 2nd Auction for Solar & Storage projects
Jan 11 , 2021
Compared with the 1st solar and storage auction conducted in Israel, Israel's 2nd such auction concluded in December 2020 has secured a 12% lower tariff level.
The Electricity Market Regulatory Authority of Israel (PUA) has awarded 608.95 MW of solar PV capacity with energy storage in auction results announced late December 2020.
According to the information shared by the authority, it has secured a tariff of ILS 0.1745 ($0.054) per kWh for this capacity to be grid connected on completion, 12% less than the previous round.
According to the authority, the ‘attractiveness offered’ in this round indicates great confidence in the country’s electricity economy.
It received 55 bids from 10 participants representing a cumulative capacity of 870 MW, but the authority finally chose 33 bids from 7 companies to award 608.95 MW. As for the storage component, PUA expects storage facilities with a total capacity of over 2,400 MWh to be built.
Doral Renewable Energy Resources Group Ltd., that secured the largest share of PV and storage in the last auction, once again secured the biggest share with 200 MW. Other winners were:
Solgreen Ltd. winning 95.6 MW,
EDF Energies claiming 90 MW,
Enlight Renewable Energy Ltd. securing 82 MW,
Energix staking claim to 80 MW,
Meshakim & Partners taking 40 MW, and
Shikun & Binui Energy Ltd. securing 21.35 MW.
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