The Jerusalem Post reports that the company decided to invest following a recent National Infrastructures Ministry decision to allow medium-sized household solar-power stations from 50 kilowatts (kW) to 5 megawatts (MW) starting next year.
Sunday CEO Kobi Diner said the ministry's decision was a breakthrough that would eventually lead to meeting the ministry's goal of 20 percent of Israel's energy market from renewables by 2020.
In July, Israel's Public Utilities Authority agreed to feed-in tariff for small solar-power arrays -- up to 50 kW. Under the plan, the Authority will buy electricity at NIS 2.01 ($0.53 USD) per kilowatt hour from individuals and companies installing solar arrays on roofs—four times the going price of electricity for consumers.
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