7 companies will set up photovoltaic stations at the cheapest price in Israel

The Electricity Authority announced today (Monday) results in the second tender for the construction of electricity generation facilities using photovoltaic technology combined with storage capacity, for facilities connected to the distribution network – 609 megawatts at a price of 17.45 agorot per kWh.

The price is about 12% lower than the amount set in the previous tender, where the rate was 19.9 agorot per kWh.

Ten bidders participated in the process, submitting more than 55 bids with a cumulative capacity of 870 megawatts. The plenum decided to accept 33 proposals from seven different bidders with a cumulative capacity of 609 megawatts. The price of electricity to be paid to the winners of the procedure is 17.45 ag per kWh, a price that is less than 12% lower than the price set in the previous similar procedure.

Depending on the terms of the procedure, the winners will be required to set up a photovoltaic facility within two and a half years combined with a storage facility with a capacity of at least 4 hours of storage. This means that as part of the procedure, storage facilities with a total capacity of more than 2,400 megawatts per hour are expected to be built.

Doral Energy Group is the big winner of the tender, with an allotted capacity of 200 megawatts.

Energix was approved for construction with 80 megawatts, Solgreen with 95.6, IDF Renewable Energy Israel with 90, Analyte 82, Economies & Partners with 40 megawatts, and Housing and Construction Energy with 21.35 megawatts.

The tariff is determined by the “uniform second price” method, according to which the tariff for all winning bids will be uniform, and will be the lowest bid price that has not been defined as a candidate for winning (in pennies per kWh).

The storage capacity integrated in the photovoltaic facility makes it possible to produce a larger amount of clean electricity for the size of a given connection to the network, thus streamlining the use of existing infrastructure. In addition, the storage allows the electricity to flow into the grid in the evening, which are the hours when the electricity system needs it. In the future, storage facilities are expected to provide additional services required to maintain network stability and more efficient management of electricity generation and supply.

Minister of Energy, Dr. Yuval Steinitz: “As part of the government’s policy for generating electricity from solar energy, we are promoting a historic plan to integrate electricity storage, which will allow the use of electricity even when the sun is not shining. The results of the auction are a huge success, This is a significant step that will allow us to reach the goal I set – about 30% of electricity production from solar energy by 2030, and transporting Israel within a few years to the first place in the world in solar electricity production. “

Acting Chairman of the Electricity Authority Yoav Katzboy: “The Electricity Authority continues to implement the policy of switching to green energy and integrating storage in the economy, in the most effective way for the benefit of all consumers and the public in Israel. The large number of offers and attractive prices offered as part of the procedure indicate great confidence in the electricity economy.”