Megalim Solar Gets $820 Million for 121-Megawatt Plant in Israel
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Megalim Solar Power Ltd., a partnership among BrightSource Energy Inc., France’s Alstom SA and Noy Infrastructure & Energy Fund, has raised 2.8 billion shekels ($820 million) for a 121-megawatt solar-thermal plant in Israel.
The project in Ashalim is expected to begin generating electricity in 2017, Jennifer Z. Rigney, a spokeswoman for Oakland, California-based BrightSource, said today in an e-mail. Noy is providing equity. No other details on the financing were available, Rigney said.