Israel’s Ministry of Energy and Infrastructure, in collaboration with the Israel Mapping Center, has launched a tool that calculates the potential and expected income from rooftop solar installations on residential, industrial, and public buildings.
Teralight has activated Israel’s biggest PV project, the 150 MW Ta’anach 1 array, which will produce 310 GWh of energy per year. The facility will be expanded next year with the 104 MW Ta’anach 2 installation, featuring 440 MWh of energy storage.
The controller integrates selected third-party products into the SolarEdge EMS ecosystem by connecting to a household’s internet router via the local area network (LAN). It can communicate with inverters, electric vehicle chargers, heat pumps and SolarEdge’s servers.
SolarEdge Technologies plans to lay off 400 employees globally, its fourth job-cut announcement in the past year. Recent safe harbor agreements and 45X credit sales may help the company on its path to recovery.
Econergy Renewable Energy has secured financing from Raiffeisen Bank for its 92 MW Parau solar project in Romania, marking the Israeli company’s second such transaction with the bank.
The company’s new mobile app is designed to combine all operations for solar installers, from installations and commissioning to management and servicing, in one streamlined platform.
SolarEdge will shutter its energy storage unit and manufacturing, cutting 500 jobs.
Israel plans to bild a 2,000-square-meter solar PV project in the occupied Palestinian territories and has directed civilian authorities in the West Bank to identify suitable land and launch a tender within a year. The project may also include energy storage options.
SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year. The Israeli manufacturer also posted an operating loss of more than $1 billion, with 850 MW of inverters and 189 MWh of batteries shipped for PV applications.
Researchers have studied Israel’s clearing price method for PV tenders and raised concerns about its potential for long-term dominance. They examined how power abuse and technological inefficiencies lead to market inefficiencies, concluding that a duopoly best suits the Israeli market.
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