• 4 minutes China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 7 minutes Beijing Must Face Reality That Taiwan is Independent
  • 11 minutes Phase One trade deal, for China it is all about technology war
  • 14 minutes Shale Oil Fiasco
  • 27 mins Which emissions are worse?: Cows vs. Keystone Pipeline
  • 53 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 15 hours Thanks to Trump, the Iranian Mullahs Are Going Bankrupt
  • 8 hours Trump capitulated
  • 3 hours Indonesia Stands Up to China. Will Japan Help?
  • 35 mins What's the Endgame Here?
  • 1 day Yet another Petroteq debt for equity deal
  • 9 hours Gravity is a scam!
  • 8 hours US Shale: Technology
  • 1 hour Trump has changed into a World Leader
  • 1 hour Turkey Muscles-In on Israel-Greece-Cyprus EastMed Gas Pipeline Deal. Erdogan Still Dreaming of Ottoman Empire II.
  • 17 hours Prototype Haliade X 12MW turbine starts operating in Rotterdam
How Vulnerable Is Iraqi Oil Production?

How Vulnerable Is Iraqi Oil Production?

Iraq has effectively doubled its…

Could Renewables Overtake Coal In China?

Could Renewables Overtake Coal In China?

As China continues its long…

Israel Electric Corp. to Build $1.3 Billion Chinese Solar Project

Israel Electric Corp. has signed contracts to build a $1.3 billion 240 megawatt solar energy project in China.

The facility, to be situated in northern China, will consist of three photovoltaic solar energy arrays. Israel Electric Corp. will not invest equity in the project.

The solar array represents Israel Electric Corp.’s first foray into solar renewable energy and is awaiting the Israeli Government Companies Authority’s approval. The project is Israel Electric Corp.’s largest foreign undertaking.

The Israel Electric Corp. will build the facility in conjunction with its joint venture partner, a Chinese businessman, with the 240-megawatt PV solar arrays being constructed on the Chinese partner’s private land, Globes business daily reported.

A Chinese manufacturer will supply the project’s photovoltaic panels. Israel Electric Corp. will own 50 percent of the engineering, procurement and construction company that will build the project, the Chinese partner will own 25 percent as required by Chinese law, and a large foreign contractor of solar arrays will own the remaining 25 percent.

Israel Electric Corp.’s other foreign energy ventures include designing a coal-fired power station in South Africa in conjunction with France's Alstom SA, a wind energy project in Bulgaria and power station construction in Cyprus and Greece.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News