Israel has concluded its 100 MW Ashalim 3 solar PV tender attracting the lowest price ever for electricity generation in the country. France's EDF Renewables has won the project with ILS 0.07 ($0.019)/kWh, announced the country's Ministry of Finance.
According to the ministry, this winning tariff is more than half of the average price/kWh in the country's electricity sector.
There are already 2 solar thermal and 2 solar PV projects with more than 300 MW combined capacity operational in Ashalim. Both Ashalim 1 with 30 MW and Ashalim 2 with 42 MW installed solar PV capacity were grid-connected by EDF. It won the 42 MW project for a tariff of less than ILS 0.09/kWh, calling it the lowest price for electricity in Israel back in July 2023.
Once Ashalim or PV3 project of EDF is online, the region is expected to supply electricity to the grid from more than 400 MW installed capacity.
The PV3 Ashalim tender was launched by the country's Ministry of Energy and Infrastructure in September 2023 to build it on a public-private partnership (PPP) basis. It is expected to become operational in Q1/2027 (see 100 MW Solar PV Tender In Israel).
It is part of the government's efforts to increase the share of renewables in national electricity production by 2030. For solar PV, it comes to a total of 17.145 GW.
"Like other countries in the world, the Israeli economy is also facing the challenges of increasing demand for electricity, along with striving to reduce emissions and meet the government's goals for renewable energies," said the country's Accountant General Yehli Rotenberg. "The results of the tender prove that reducing emissions and achieving government targets for renewable energies go hand in hand with lowering electricity prices, and this is real news for the citizens of Israel."
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