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.

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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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