Teralight Begins Commercial Operation Of 150 MW Ta’anach 1 Solar Project, Expands Renewable Energy In Israel

Teralight has announced the commercial operation of the Ta’anach 1 solar project, which is classified as a national infrastructure initiative in Israel. The project, located in the Ta’anach region in the southern part of the Jezreel Valley, has an installed capacity of approximately 150 MW (DC). It is expected to generate around 310 GWh of solar energy annually, making it one of Israel’s largest solar ventures.

The Ta’anach 1 project is estimated to generate annual revenue of about NIS 60 million, with an operating cash flow (EBITDA) of NIS 46.4 million. Teralight holds a 51% stake in the project, while the remaining 49% is owned by the Migdal Group. With the commercial operation now underway, the project will contribute significantly to Israel’s renewable energy sector and national electricity supply.

Teralight is also working on the Ta’anach 2 project, which will have a capacity of 104 MW and an energy storage facility with approximately 440 MWh of storage capacity. Fully owned by Teralight, this project is expected to be connected to the electricity grid in the second half of 2026. Once operational, it is projected to generate annual revenue of NIS 86 million and an operating cash flow (EBITDA) of approximately NIS 68 million.

Together, the Ta’anach 1 and Ta’anach 2 projects will have a combined installed capacity of over 250 MW. These projects will account for around 5.2% of Israel’s total renewable energy capacity and approximately 1.2% of the country’s total electricity supply. The initiative, developed in collaboration with the Economic Corporation of the Moshav Movement, is expected to provide electricity to approximately 250,000 Israelis, which is equivalent to 63,000 households. The project will also contribute to Israel’s renewable energy goals while supporting economic growth in the region.

Teralight CEO Rani Lifshitz stated that the commercial operation of Ta’anach 1 is a significant milestone for the company, reinforcing its role as a key player in Israel’s green electricity production and supply sector. He emphasized that the project supports Israel’s transition to clean, locally produced solar energy.

He also noted that Teralight is currently developing and constructing solar and storage projects with a combined capacity of approximately 400 MW and storage capabilities of about 750 MWh. These projects are expected to be connected to the grid over the next three years, further strengthening Teralight’s leadership in Israel’s renewable energy industry.

Another major initiative under development by Teralight is the Maglan project. Once completed, it will be Israel’s largest green energy project. Covering 3,250 dunams (800 acres), it will feature a 340 MW solar power facility and an energy storage system with a capacity of 1,110 MWh. The Maglan project is being developed in collaboration with 13 communities in the Jordan Valley and is expected to be connected to the electricity grid in 2027.

Teralight is known for its expertise in developing and initiating solar energy projects in Israel and internationally. The company has an exclusive partnership with the Moshav Movement, which represents approximately 250 moshavim across the country. Teralight’s portfolio includes around 2,200 MW of solar energy and 4,629 MWh of energy storage at various stages of development and operation.

With ongoing projects and strategic partnerships, Teralight continues to expand its footprint in the renewable energy sector. The company’s efforts contribute to Israel’s transition to a more sustainable and energy-independent future.