January 2 (Renewables Now) - The Israel Public Utility Authority for Electricity along with the ministries of defence, finance and energy have signed a framework agreement that will open the door to the development of wind projects in the northern part of the country.
Specifically, the agreement concerns the ministries providing ILS 250 million (USD 72.3m/EUR 64.8m) for the development of an unspecified technological solution that will result in the construction of “hundreds of wind turbines” in Israel’s north.
According to the energy ministry’s press release, the agreement will enable several developing projects to come to life in the coming years. The defence ministry said in the statement that the deal strikes a balance between the country's security, energy and environmental needs.
(ILS 1.0 = USD 0.29 /EUR 0.26)