Israeli project secures funding

ISRAEL: A consortium led by Enlight Renewable Energy has secured funding for a 96MW wind farm to be built in the Golan Heights, northeast Israel.

Enlight also owns projects in Croatia and Poland, as well as the TWF wind farm in Ireland

It has agreed a conditional power purchase price for its 96MW Emek Habacha wind farm will be ILS 358.1/MWh ($98.70/MWh) under a 20-year licence with the Israeli Electricity Authority.

Emek Habacha will consist of thirty 3.2MW turbines, part-owner Enlight told Windpower Monthly.

GE has signed a turbine supply agreement and full-service agreement with the developer, according to international newswire Reuters. However, a spokesman for Enlight would not confirm this.

The site is owned by Enlight’s special purpose vehicle Emek Habacha Wind Energy (60%) and AA Ben-Dov Wind Energy (40%).

The owners expect the project’s electricity output to provide between ILS 100 million ($27.5 million) and ILS 110 million ($30.3 million) in revenue per year throughout its 20-year lifespan.

It will be built by engineering firm Minrav Holdings and energy contractor Nextcom. Construction is expected to start in July 2018 and the project is expected to enter operations in 2021.

When built, Emek Habacha would be Israel’s largest wind farm.

The country has just one 6MW project installed, according to Windpower Intelligence, the research and data division of Windpower Monthly.