Novar believes that the storage system enables them to build solar arrays to provide at least 100 megawatts of electricity. Israeli Renewable Energy Corporation Nofar Energy (TASE: NOFR) has notified the Tel Aviv Stock Exchange (TASE) that it has signed a strategic agreement with Tesla Electric Vehicles and Energy Storage to purchase large batteries for electrical storage systems. Nofar actually paid a Tesla deposit of 5% of the deal’s value upon signing the agreement. Related materials Tesla submits bids for Israeli energy storage tenders, Nofar believes the storage system enables them to build solar arrays to provide at least 100 megawatts of electricity. The company estimates that the storage facility will allow it to build a solar energy system capable of providing 150MW. Novar Energy believes that the storage system generates revenues of 534 million shekels, including annual electricity sales of 50 million shekels and maintenance income of 10 million shekels for solar energy systems.Novar, founded by its president Ofer Yanai, last week inaugurated the first electricity storage facility. In Israel, in a village near the Gaza border. The ceremony was attended by Energy Minister Yuval Steinitz. The new facility will generate 3.22 megawatts per hour in total and start operations in the coming weeks (for 25 years). Nofar plans to build a photovoltaic system alongside it to provide an additional 2.8 megawatts, which will be sold at 0.45 shekels per kilowatt. hour. Yanai stresses that storage systems create greater flexibility for the electricity grid in Israel and can provide electricity to an entire kibbutz, day and night. Posted by Globes, Israel business news – en.globes.co.il – on March 16, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021 Ofer Yannay Credit: Erez Uzir
0 Comments