Showing posts with label Abengoa. Show all posts
Showing posts with label Abengoa. Show all posts

Thursday, February 14, 2008

Skypower mulls bid for Negev solar project

Sources inform ''Globes'' that Canadian renewable energy company SkyPower Corporation may participate in the tender for the Negev solar power plant at Ashalim. The $600-700 million tender is due to be published by the end of the month.

A SkyPower delegation recently visited Israel and held preliminary talks about cooperation with some of the Israeli companies planning to bid in the tender. SkyPower also asked for full information about the project from the Ministry of Finance, the Ministry of National Infrastructures, and the Ministry of Environmental Protection.

SkyPower is one of Canada's largest renewable energy companies. It specializes in the development, construction, and management of wind farms and solar energy power stations. The company is currently involved in 70 renewable energy projects in various stages of development, with aggregate capacity of 7,000 megawatts (MW). Most of the projects are in Canada and the US.

The BOT (build, operate, transfer) tender is for a 250-MW solar power station that will produce 2.5% of Israel's electricity needs. Other potential builders of the plant include Israeli solar power companies Solel and Luz II, a subsidiary of BrightSource Energy, Israel Corp. unit IC Green Energy Ltd., and Housing and Construction Holding Co. Ltd. (Shikun u'Binui). Spanish energy giant Abengoa and Babcock & Brown Capital Ltd. of Australia have also expressed interest in participating in the tender.

Sunday, January 13, 2008

IC Green Energy to enter Negev solar power plant tender

Sources inform "Globes" that Israel Corp. subsidiary IC Green Energy will participate in the BOT (build, operate, transfer) tender for the Negev solar power plant at Ashalim.

IC Green Energy (ICG), headed by CEO Yom Tov Samia, was founded in 2006 by Israel Corp. to serve as its renewable energy arm. So far, ICG has examined a number of overseas projects in the field of alternative fuel and electricity generation. According to its web site, the company is focused on biofuel (biodiesel & ethanol), solar energy and the production of biofuel and energy from biomass.

Israel's first tender for a solar power plant will be for the construction of two power stations that will generate 250 megawatts altogether, amounting to 2.5% of Israel's power production. The project is valued at $600-700 million.

Other potential builders of the plant include Israeli solar power companies Solel and Luz II, a subsidiary of BrightSource Energy. Spanish energy giant Abengoa and Babcock & Brown Capital Ltd. of Australia have also expressed interest in participating in the tender.

For additional background information on this project, see:

"Israel Plans 250-MW solar power plant"

"Australian fund considers Negev solar plant bid"

Thursday, December 27, 2007

Australian fund considers Negev solar plant bid

Sources inform ''Globes'' that Babcock & Brown Capital Ltd. of Australia is considering participating in the tender to build a $600-700 million solar power station in the Negev. The tender is due to be published in 2008.

Babcock & Brown wants an Israeli energy company as a partner. The Australian investment company is the second international company expressing an interest in the tender; Spain's Abengoa Bioenergy SA has contacted the Ministry of National Infrastructures about it.

The 250-megawatt solar power station will be built at Ashalim in the central Negev under a BOT (build, operate, transfer) contract.

Babcock & Brown's portfolio already comprises thirteen operating power stations representing over 3,300MW of generation and a further 1,700MW under construction. The firm announced in June 2007 that it was opening an office in Israel to be headed by the former privatization chief Eyal Gabbai.

Wednesday, December 26, 2007

Israel plans 250-MW solar power plant

Israel recently announced plans for the construction of a 250 megawatt solar power plant in the Negev, which is estimated will cost $600-$700 million. When completed, it will be one of the largest solar power plants in the world.

"Globes" reports that the World Bank is considering financing the project.

According to Ha'aretz, the tender for building the plant will not give preference to local firms, meaning that foreign firms can participate in the tender without a local partner. The decision was made, among other things, to avoid the impression that the tender was written for the benefit of the only two Israeli companies who could compete for the power station: Solel and Luz II, a subsidiary of BrightSource Energy.

The cabinet hopes that this change will make the tender more attractive to international firms with experience in the solar energy industry, and that the new conditions will allow the setting of appropriate minimum requirements for professionalism and financial strength for the bidders on the project.

Minister of National Infrastructures Benjamin Ben-Eliezer recently announced that the first stage of the tender will likely be published next month.

The power plant, which will be located near Ashalim in the western Negev and produce 250 megawatts of electricity, will be Build-Operate-Transfer (BOT), similar to Route 6, the Trans-Israel Highway. The winning bidder builds the plant, operates it for the license period, and at the end of the franchise transfers full ownership to the state.

A number of foreign companies have already expressed interest in the project, including Spanish energy giant Abengoa. Abengoa created a U.S. subsidiary earlier this year, Solucar Power, Inc., to respond to utility requests for electricity using concentrating solar power (CSP) technologies.

The real remaining question is which technology will be required for the power station: solar thermal or photovoltaic. The solar thermal method harnesses the sun's energy to heat a material, such as oil or water, from which it is possible to generate electricity, while the photovoltaic system transforms solar energy directly into electricity.

However, it also appears that even if one of the possible two tenders requires a photovoltaic system, the total amount of electricity from such a plant will not be over 50 megawatts, out of the total of 250 megawatts.