Arava Closes Funding for $204 Million Israeli Solar Plants
This article is for subscribers only.
Arava Power Co., an Israeli renewable-energy developer, obtained financing for eight solar power projects valued at 780 million shekels ($204 million).
The company, part-owned by Germany’s Siemens AG, closed two separate agreements for photovoltaic plants in the Negev region with 58 megawatts of combined capacity, it said in an e-mailed statement.