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Megalim Solar Power announced that it had received funding from the European Investment Bank and Hapoalim Bank, to build and operate the solar power plant of Ashelim Israel.

This new step follows the signing of a power purchase agreement between Megalim and the State of Israel in November 2013. It will allow the start of construction of Ashelim, involving nearly 1,000 people, which should be completed in early 2017.

This project is to converge the experience Alstom to supply turnkey power plants and major power generation equipment such as steam turbines and solar boilers, solar technology fields BrightSource. Thus, under this contract, Alstom will provide engineering, procurement and construction of the plant and provide all operating and maintenance services over a period of about 25 years. For its part, BrightSource equip Ashelim optical devices and concentration of heliostats fields.

“This project marks a new milestone in our partnership with BrightSource and our first joint success on the market of solar thermal energy. It opens the way to providing a cost effective and reliable carbon-free electricity to our customers,” said Jerome Pécresse, President of Alstom Renewable Power. “This reinforces Alstom’s position in the solar thermal field in which the desert and the sun can contribute to sustainable growth.”

“The use of proprietary technology on the BrightSource site Eshelim reflects the growing interest of international markets for clean, reliable and competitive in terms of pricing power and the continuing evolution of the strategy in BrightSource technology, “said David Ramm, CEO of BrightSource. “BrightSource is a global provider of technological solutions in the field of solar towers. It is perfectly positioned to meet the growing demand for renewable energy from the government and power companies in the world. This hopefully, the first of a long series of strategic partnerships with Alstom designed to leverage the expertise of both companies. ”

Eshelim use technology solar tower concentrating BrightSource, similar to that used on the Ivanpah project in Southern California. More than 50,000 heliostats or mirrors, controlled by computer, follow the sun in two axes and reflect sunlight to a boiler at the top of a tower 240 meters. The concentrated sunlight heats water and generates superheated steam, when that beat of the boiler pipes. This high temperature steam is then extracted from the boiler and fed to a conventional turbine to produce electricity.

Located on a plot of 3.15 km ² in the Negev desert, solar plant Eshelim, with a capacity of 121 MW, will produce enough electricity to meet the needs of over 120,000 homes.

“It is an honor to participate in the project Megalim and provide further support to the development of the southern region of Israel and renewable energy in the country,” commented Ran Shelach and Gil-ad Boshwitz, managing partners of NOY Fund. “This investment has a strategic importance in the energy portfolio of the Fund believes that the capacity of its partners will consider making strategic partners for other future investments in Israel and abroad.”

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