Megalim Solar Power finances solar energy project in Israel

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Megalim Solar Power Ltd, a special purpose company formed by Alstom (25 percent), BrightSource (25 percent), and NOY Infrastructure & Energy Investment Fund (50 percent), obtained the financing of the European Investment Bank and the Bank Hapoalim for the construction and operation of the Ashalim Thermal Solar Power Station in Israel.

This follows the signature of a power purchase agreement between Megalim and the state of Israel in November 2013. It will allow the partners to start the construction works of Ashalim, which will employ about 1,000 people during this phase, and is scheduled to be completed in early 2017. Alstom’s share in the contract is worth about $611.7 million.

 

For this project, Alstom will be responsible for the engineering, the procurement and the construction (EPC) of the solar power station and will also provide full operations and maintenance (O&M) activities for a period of 25 years.

The solar power station will have a nameplate capacity of 250 MW.

BrightSource will bring heliostats and optical concentrating devices for Ashalim. The project will thus combine Alstom’s experience in the field of turnkey power plants and key power equipment, such as steam turbines and solar receiver steam generators, with BrightSource’s advanced solar field technology.

Ashalim will make use of BrightSource’s concentrating solar power (CSP) tower technology similar to that used at the Ivanpah project in Southern California. More than 50,000 computer-controlled heliostats or mirrors will track the sun in two axes and reflect sunlight to a boiler on a 240-meter tower. When the concentrated sunlight strikes the boiler, it heats water in the boiler to create superheated steam. This high-temperature steam is then piped from the boiler to a steam turbine-generator to produce electricity.

Located on a 1.22 square mile area in the Negev Desert, the Ashalim 121 MW solar plant will generate enough power to meet the electricity needs of more than 120,000 homes.

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