星期日, 23 2 月, 2025
Home PV News Israeli national lottery supports rooftop PV program with $0.12/kWh feed-in tariff

Israeli national lottery supports rooftop PV program with $0.12/kWh feed-in tariff

The incentive scheme awards a 23-year, $0.12/kWh feed-in tariff to rooftop arrays with a generation capacity of up to 200 kW. Already, 141 municipalities have applied to install 116 MW of rooftop solar capacity and the government has increased the program’s budget from $28.5 million to $143 million.

Source:pv magazine

Israel’s Mifal HaPais national lottery, which supports healthcare and education causes, has had its remit expanded to back an incentive scheme aimed at driving rooftop PV systems.

Some 141 municipalities have already lodged requests for a total generation capacity of 141 MW of solar arrays on schools, council buildings, clinics and day care and community centers, under a scheme which offers payments to systems with a capacity of up to 200 kW.

The Israeli Ministry of Energy has said the initial ILS100 million ($28.5 million) budget has been raised to ILS500 million due to the strong response. Under the scheme, the Mifal HaPais lottery will grant local authorities seven-year, low-interest loans.

Successful applicants will receive an ILS0.45/kWh ($0.13) feed-in tariff (FIT) for 23 years.

Strategy

A month ago, the government announced a new energy and water infrastructure plan to help the country’s economy recover from the impact of the Covid-19 pandemic. The plans include the deployment of 2 GW of new solar capacity. To support the plans, the government will devote ILS500 million in state guarantees for project development.

At the end of 2019, Israel had around 1.19 GW of installed solar capacity, according to the International Renewable Energy Agency. The nation supports PV development through tenders, for large scale projects, and a FIT scheme for rooftop PV

The government had already this year announced a plan to almost double the 2030 renewable energy target to 17%. “A public hearing on the new plan is expected soon,” Eitan Parnass, CEO of the Green Energy Association of Israel told pv magazine. “We have great confidence in the Israeli masterplans to shift to renewables.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

400W of free energy for 25 years – this company presents the first bifacial solar billboard

Next2Sun has unveiled the world’s first bifacial solar fence, a groundbreaking step in renewable energy that does more than just generate electricity—it also works...

OCI Holdings Partners with Arava Power for 260MW Solar Project in Texas

OCI Holdings, a prominent South Korean company in the solar energy sector, announced on Feb. 24 that its U.S. subsidiary, OCI Energy, has entered...

Northern Solar eyes growth amid rising clean energy demand

Announcing the earnings, Northern Solar achieved revenue of RM24.05 million for the third quarter (Q3) ended December 31, 2024 (FY24), driven primarily by its...

Cornish company takes on ‘controversial solar farm projects’

A Cornish company has said its taking on “controversial solar farm projects”. Vertical PV UK, based in Newquay, says its technology allows farmers to have...