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Syria

Syria

Enlight signs agreements for 50MW Golan Heights' projects

ISRAEL: Enlight Renewable Energy and investor firm Aviram have signed agreements with six communities in the Golan Heights to install up to 50MW of wind power.

They hope to build up to ten facilities of 5-10MW each at a cost of around NIS 40 million ($11 million), once they receive regulatory approval.

The local communities will receive land fees initially for 20 years and will have the option of taking an equity stake of up to 49% in the projects. Enlight estimates the gross revenue from the facilities at NIS 5 million a year for 20 years.

This is Enlight's first foray into wind energy. Up to now it has specialised in photovoltaic generation.

Earlier this year, Israel announced plans for a feed-in tariff of NIS 0.45-0.54/kWh ($0.13-0.15/kWh) in order to encourage deployment. The country is aiming at 800MW installed wind-power capacity by 2014. So far, it has just 6MW turning.

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