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Energix completes 37.5-MW solar park in Israel

Solar panels. Featured Image: foxbat/Shutterstock.com

(SeeNews) - Dec 23, 2014 - Israeli firm Energix Renewable Energies Ltd (TLV:ENRG) is officially inaugurating today its 37.5-MWp solar farm at Neot Hovav in the North Desert.

The company said yesterday that the solar photovoltaic (PV) plant has obtained a permanent licence to generate electricity. It estimates that the power station will generate between ILS 42 million (USD 10.7m/EUR 8.8m) and ILS 45 million in annual revenues for a period of 20 years.

The park was built on land that was previously used as an evaporation pond for industrial waste. It consists of 400,000 PV modules and required a total investment of about ILS 360 million to build, according to information on Energix’s website. The output of the plant will be fed to Israel Electric Corp’s grid.

Energix is controlled by Israeli real estate investor Alony-Hetz Properties & Investments Ltd (TLV:ALHE). The firm is engaged in the development, construction and operation of solar and wind power projects.

(ILS 1.0 = USD 0.255/EUR 0.209)

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