Arava Power Company (APC) is a solar energy company founded in 2006 on Ketura in the Arava Valley. On June 5, 2011, APC inaugurated Israel's first medium-sized solar field, Ketura Sun. The field stretches over 80 dunams (8 hectares or 20 acres) of land and has an installed power of 4.95MW.[1] As Arava Power installs solar fields only on land zoned solely for agricultural or industrial use.
Arava Power Company
Industry
Solar fields
Founded
2006
Founder
David Rosenblatt, Ketura through Ed Hofland, Yosef Abramowitz (active until 2010)
Arava Power Company began as a partnership with Kibbutz Ketura.[2]Israel's first Prime Minister, David Ben Gurion, was an inspiring figure for the vision of the company. In 1956, Ben Gurion said: "The largest and most impressive source of energy in our world and the source of life for every plant and animal, yet a source so little used by mankind today is the sun... Solar energy will continue to flow toward us almost indefinitely."
In November 2010, the Minister of National Infrastructure, Uzi Landau, signed a landmark Power Purchase Agreement with Ketura Sun Company, a joint venture between Kibbutz Ketura and Arava worth an estimated 250 Million NIS. The agreement is valid for twenty years and guarantees that the energy produced at Ketura Sun will be transferred to the Israel Electric Corporation's power lines. It is the first PPA in Israel with a solar energy company.[5]
In December 2010, Bank Hapoalim signed an agreement with Arava Power to extend a loan of 80 Million NIS to APC in order to fund the Ketura Sun project (valued at ~100 Million NIS).[6]
On June 5, 2011, APC inaugurated Israel's first solar field, Ketura Sun.[7]
On May 22, 2012 Arava Power announced that it had reached financial close on an additional 58.5 MW for 8 projects to be built in the Arava and the Negev valued at 780 Million NIS or approximately $204 Million.[8]
^"Arava Power Company". from the original on July 7, 2011. Retrieved June 27, 2011.
^Arava region of Israel about to be 100 percent solar-powered, Jerusalem Post
^"Siemens to invest $15 million in Arava Power". Oklahoman.com. Associated Press. August 28, 2009. from the original on March 31, 2021. Retrieved March 23, 2021.
^"Siemens invests $ 15 million in Israeli solar company Arava Power" (PDF) (Press release). Siemens AG. August 28, 2009. Retrieved June 27, 2011.
^Moskowitz, Ira; Prophet, The Green. "Israel signs landmark solar energy agreement with Arava Power". jewishchronicle.timesofisrael.com. Retrieved March 23, 2021.
^Waldoks, Ehud Zion (December 14, 2010). "Construction To Begin On Israel's First Solar Field". The Jerusalem Post. Israel. Retrieved June 26, 2011.
^Levinson, Charles (December 14, 2010). "In Israel, Big Solar Field Begins to Rise". Wall Street Journal. ISSN 0099-9660. Retrieved March 23, 2021.
^Roca, Marc (May 22, 2012), "Arava Closes Funding For $204 Million Israeli Solar Plants", Bloomberg, retrieved June 3, 2012
External linksedit
Official website
Arava Power Company YouTube Channel
January 01, 1970
arava, power, company, solar, energy, company, founded, 2006, ketura, arava, valley, june, 2011, inaugurated, israel, first, medium, sized, solar, field, ketura, field, stretches, over, dunams, hectares, acres, land, installed, power, 95mw, arava, power, insta. Arava Power Company APC is a solar energy company founded in 2006 on Ketura in the Arava Valley On June 5 2011 APC inaugurated Israel s first medium sized solar field Ketura Sun The field stretches over 80 dunams 8 hectares or 20 acres of land and has an installed power of 4 95MW 1 As Arava Power installs solar fields only on land zoned solely for agricultural or industrial use Arava Power CompanyIndustrySolar fieldsFounded2006FounderDavid Rosenblatt Ketura through Ed Hofland Yosef Abramowitz active until 2010 HeadquartersArava Negev Ketura IsraelWebsitewww wbr aravapower wbr com In the Ketura Sun project photovoltaic PV solar panel from Suntech company were used in collaboration with Siemens Israel Arava s mission is to supply Israel with 10 of its energy needs through clean renewable solar energy Contents 1 History 2 See also 3 References 4 External linksHistory editArava Power Company began as a partnership with Kibbutz Ketura 2 Israel s first Prime Minister David Ben Gurion was an inspiring figure for the vision of the company In 1956 Ben Gurion said The largest and most impressive source of energy in our world and the source of life for every plant and animal yet a source so little used by mankind today is the sun Solar energy will continue to flow toward us almost indefinitely In August 2008 Siemens Project Ventures invested 15 Million in the Arava Power Company 3 4 In November 2010 the Minister of National Infrastructure Uzi Landau signed a landmark Power Purchase Agreement with Ketura Sun Company a joint venture between Kibbutz Ketura and Arava worth an estimated 250 Million NIS The agreement is valid for twenty years and guarantees that the energy produced at Ketura Sun will be transferred to the Israel Electric Corporation s power lines It is the first PPA in Israel with a solar energy company 5 In December 2010 Bank Hapoalim signed an agreement with Arava Power to extend a loan of 80 Million NIS to APC in order to fund the Ketura Sun project valued at 100 Million NIS 6 On June 5 2011 APC inaugurated Israel s first solar field Ketura Sun 7 On May 22 2012 Arava Power announced that it had reached financial close on an additional 58 5 MW for 8 projects to be built in the Arava and the Negev valued at 780 Million NIS or approximately 204 Million 8 See also editSolar power in IsraelReferences edit Arava Power Company Archived from the original on July 7 2011 Retrieved June 27 2011 Arava region of Israel about to be 100 percent solar powered Jerusalem Post Siemens to invest 15 million in Arava Power Oklahoman com Associated Press August 28 2009 Archived from the original on March 31 2021 Retrieved March 23 2021 Siemens invests 15 million in Israeli solar company Arava Power PDF Press release Siemens AG August 28 2009 Retrieved June 27 2011 Moskowitz Ira Prophet The Green Israel signs landmark solar energy agreement with Arava Power jewishchronicle timesofisrael com Retrieved March 23 2021 Waldoks Ehud Zion December 14 2010 Construction To Begin On Israel s First Solar Field The Jerusalem Post Israel Retrieved June 26 2011 Levinson Charles December 14 2010 In Israel Big Solar Field Begins to Rise Wall Street Journal ISSN 0099 9660 Retrieved March 23 2021 Roca Marc May 22 2012 Arava Closes Funding For 204 Million Israeli Solar Plants Bloomberg retrieved June 3 2012External links editOfficial website Arava Power Company YouTube Channel Retrieved from https en wikipedia org w index php title Arava Power Company amp oldid 1141455168, wikipedia, wiki, book, books, library,
