A Solar Dream from Israeli Kibbutzim
A promise of double-digit returns nowadays might seem like just another Ponzi scheme to investors. But a group of solar energy fans from a kibbutz, or collective, in southern Israel believes it can offer just that, by using government backing to turn farmland into photovoltaic fields. With water an increasingly scarce commodity in Israel—and both sun and land in abundance—the band of new-age socialists envisages turning the desert into a vast solar power plant. The first 5-megawatt field at Kibbutz Ketura is expected to be up and running by early next year.
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