Arava Power gets deals for 15 mid-size solar fields

Submitted by orville on February 7, 2010
in

Israeli solar energy developer Arava Power said on Sunday it signed long-term contracts with 15 agricultural cooperatives to build mid-size solar fields at an investment of 2 billion shekels ($533 million).

The fields will produce a total of 100 megawatts of solar energy using photovoltaics, for an average of 6.5 megawatts per field.

Arava said it is advancing rooftop solar installations on cowsheds and factories in the signatory cooperatives.

Last year German conglomerate Siemens invested $15 million in Arava Power to build 10 five-megawatt solar fields.

For further information: Reuters