Israel’s Arava power to build eight solar fields

Company secures $204 million in funding, largest financial closing in the country’s solar power industry

Israel’s Arava Power said on Tuesday it secured 780 million shekels ($204 million) in funding to build eight medium-sized solar energy fields – the largest financial closing in the country’s solar power industry.

Much of Israel is covered by desert with favorable conditions for harnessing the sun’s energy, and while Israeli firms have developed a number of pioneering technologies used around the world, the country has yet to invest heavily in solar fields at home… Read more

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