Solar Tech, a company under the umbrella of Israeli developer Teralight, has outlined its intentions to construct 314 MW of fresh solar ventures throughout Israel, as per a recent announcement made to the Tel Aviv Stock Exchange.
The solar projects are divided into two distinct categories of sub-installations. The initial 164 MW cluster, encompassing solar fences and aquaculture photovoltaic (PV) initiatives, will be established at undisclosed sites throughout Israel. As part of this arrangement, the local bank will extend a credit ceiling of ILS 510 million (equivalent to USD 137 million).
Recently, Sungrow, the global leading inverter and Energy Storage System (ESS) supplier inked a milestone deal with EDF Renewables Israel, the leading renewable energy company in Israel, to deliver cutting-edge liquid-cooling storage systems PowerTitan for a substantial 127 MWh energy storage projects.