June 4, 2020 Read More →

Israel releases plan to install 15GW of new solar capacity by 2030

PV Magazine:

The Israeli government is betting hard on solar and energy storage to help the nation towards energy independence.

Energy minister Yuval Steinitz this week announced a new plan to deploy around 15 GW more solar capacity to help raise the 2030 target for the proportion of national electricity drawn from renewables from 17% to 30%.

“In the next decade, solar energy and electricity storage facilities will be set up on a scale equal to all existing electricity production in the country today,” said Steinitz in an official statement.

The minister predicted renewables would meet around 80% of power demand by 2030, with gas covering the balance and coal phased out.

The change, Steinitz added, will be driven by the private sector, with clean energy investment expected to reach around ILS80 billion ($23 billion).

Israel had around 1.19 GW of solar capacity at the end of last year, according to International Renewable Energy Agency figures. Developers installed around 120 MW of solar in Israel last year.

[Emiliano Bellini]

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