Israel will be allocate more than 2,000 additional megawatts in the national electricity grid to connect renewable energy facilities, mainly solar ones. This was disclosed by the country’s Ministry of Energy and Infrastructure in a statement, recently.
With this, the state-owned Israel Electric Corporation will be able to connect many high-scale renewable energy facilities, mainly in the north and south of Israel, enabling the promotion of renewable energy production nationwide.
As per the statement, residents all over the country will soon be able to join the renewable energy revolution, earn profits from solar facility installations in their properties, and take part in the country’s transition toward a clean, competitive, and decentralized energy economy.
Meanwhile, the electricity entities are promoting a significant development plan for the electricity network by 2030 at about 17 billion shekels (4.43 billion U.S. dollars), with the set-up of new renewable energy facilities across the country, the statement concluded. It may be noted that Israel endorsed a target of generating 10% of the country’s electricity from renewable sources in 2020. Solar thermal and photovoltaic power plants are expected to account for over 70% of total generation, with the remainder deriving from household PV units, wind energy and biomass.
Further, Israel’s Energy Ministry has given plans to lift the 2030 national renewables target from 17% to 30%, said the release. Thus, the country will strive to make renewables cover 30% of its total electricity consumption, while an interim goal stipulates that percentage to be 20% by end-2025. The target may be updated once again by the end of 2024, as per reports.