April 12 (Renewables Now) - Israeli construction company Shikun & Binui Ltd (TLV:SKBN) announced Thursday that its 110-MW Negev Energy solar thermal power project had been completed and brought online.
The Negev Energy power plant is owned by the namesake special purpose company in which Shikun & Binui Energy holds 50%, while 40% and 10% is in the hands of the Noy Infrastructure Fund and Spanish firm TSK, respectively. The construction of the project required an investment of around USD 1 billion (EUR 890m). The company won it in the Israeli government tender in 2013 and signed a 25-year concession agreement to plan, finance, build, operate and maintain the plant.
The plant utilises approximately 16,000 parabolic troughs and half a million concave mirrors, as well as a molten salt energy storage system allowing the facility to supply electricity at full capacity for four and a half additional hours per day after sunset.
Located in the small community of Ashalim in the Negev desert, the new solar plant will supply enough electricity to power approximately 70,000 households.
(USD 1.0 = EUR 0.89)