Negev Energy Wins Solar-Power Plant Tender in Southern Israel
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Negev Energy, a partnership between Shikun & Binui Renewable Energy and a unit of Abengoa SA, won a tender to build and operate a solar plant in southern Israel.
The 121-megawatt Ashalim facility is due to start operating in the second half of 2017 and will sell power at 0.76 shekel a kilowatt-hour, Israel’s Finance Ministry said today in an e-mailed statement. The cost of the project is $1.1 billion, Shikun & Binui said in a separate filing to the stock exchange.