In Israel’s second renewable energy tender, this time for solar-plus-storage projects, Israel Electric Corporation awarded 609 megawatts of solar and 2.4 gigawatt-hours of energy storage, and at least 120 megawatt-hours of that storage will be from the compressed air energy storage systems built by Augwind. The country’s first tender was just held back in July of 2020, with some 168 megawatts (MW) of solar and 672 megawatt-hours of energy storage awarded, so the huge jump in capacity for both energy production and energy storage is a very promising sign for the country in its quest for 16 gigawatts of solar capacity and at least 8 gigawatt-hours of energy storage by 2030. The tariff set at this latest auction was ILS 0.1745 per kilowatt-hour (kWh) (US$0.0544/kWh) for 23-year government-backed power purchase agreements through Israel Electric Corporation (IEC) , with projects required to be grid-ready by July 2023. Augwind’s AirBattery energy storage system will be put to work at solar plants to be built by Israeli solar developer Solgreen Ltd, which won 95.6 MW of solar capacity in the tender, and Augwind also recently announced an agreement with EDF Renewables Israel Ltd. to work together on a 5 MW solar plant […]

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