Israel Announces US$22.8 billion Plan To Boost Solar Sector

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Israel’s Energy Ministry revealed a US $22.8 billion plan with an aim to increase the use of solar power over the next decade due to the country’s population and energy demand may increase in future.

Israel produces 5 percent of its electricity from solar energy and rest 64% from natural gas and the rest from coal.

 Energy Minister Yuval Steinitz stated that “The new target is to outpace rising demand and have solar power production grow to 30 percent by 2030, or about 16,000 megawatts.”

According to the plan at peak hours, more than 80% of Israel’s electricity will be generated by solar. In contrast by 2026 coal will be totally phased out.

Steinitz added “Most of the money will go into solar energy facilities to be built by the private sector while other costs include upgrading the national grid and investing in energy storage.”

This plan will help in reducing air pollution in Israel by 93% as compared in 2015.

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