Enlight Renewable Energy Ltd. (Enlight) has received a build, operate, transfer (BOT) project for 25 solar energy installations where it will set up and operate the installations together with investors, Energy Central reported. The company plans to secure financing with one of Israel's big banks and the financial closing is due in a few weeks. The project begins in mid 2010, immediately after the company secures the set up financing.
Enlight installs the photovoltaic systems on the roofs of large industrial farm buildings throughout the country on the basis of 20-year rental contracts with the buildings’ owners. The systems will be installed at locations on the Golan Heights, Jezreel Valley, and Carmiel in the north, in Arad and Beersheva in the Negev, and elsewhere.
The company already has a deal to install a photovoltaic system on the roof of the dairy of Moshav Yonatan on the Golan, which has one of the largest cowsheds in the north, with an area of over 10,000 square meters.
Enlight based in Netanya will be the engineering, procurement and construction (EPC) contractor in the project, which will operate and maintain the systems for 20 years.
Enlight and its partners will finance construction of the project from their own equity, and sell the electricity to Israel Electric Corporation (IEC) a 20-year power purchase agreement on the basis of Public Utilities Authority rules for photovoltaic systems of up to 50 kW.
Enlight CEO Gilad Yavetz said that the company will buy the equipment for the project from the world’s top ten photovoltaic panel manufacturers and will assemble the systems in Israel.