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June 4, 2020 9:10 am

Israel Plans 80 Billion Shekel Investment to Increase Solar Energy Use

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View of the Ashalim solar-power station in the Negev Desert on June 19, 2018. The station is the largest of its kind in Israel and fifth-largest in the world. Photo: Miriam Alster/Flash90. – Israel Energy Minister Yuval Steinitz announced an 80 billion shekel ($22.8 billion) plan to increase solar power use during the next 10 years.

The goal is to have solar power production grow 30 percent by 2030, Steinitz said according to a Reuters report on Monday. The plan is estimated to cut air pollution by 93 percent compared to 2015.

“This is a move that will change the face of the State of Israel, and it will be carried out by the private sector. There is a great deal of room for growth, innovation, and enterprise,” Steinitz said, Globes reported.

The new target, said Steinitz, is to outpace rising demand and have solar power production grow to 30 percent by 2030, or about 16,000 megawatts. That is roughly the same as total energy production today.

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He said that most of the funds would pay for building solar energy facilities and other money would go to upgrading the national grid and energy storage.

More than 80 percent of the country’s electricity would be provided for by solar power according to the plan, the report noted.

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