Chinese solar panels company ET Solar is proposing to Israeli investors that they should set up photovoltaic fields in Europe. This is because of the low tariff in Israel for the purchase of electricity from mid-size (up to 50 kilowatt) photo-voltaic installations of NIS 1.49 per kilowatt.
According to ET Solar's Israel manager Rafi Kirshenboim, Israeli investors who set up photo-voltaic fields in Europe will benefit from higher returns than on Israeli projects. "The difference in profitability will be felt immediately because the tariffs in Europe are higher," he said. He says that if European solar energy prices are translated to shekels, the difference is obvious. In Belgium and Greece, the price per kilowatt is NIS 2.40, and in Germany, Slovenia, and Switzerland it is NIS 2.20.
Kirshenboim proposes to Israeli investors to set up projects in Europe through ET Solution, the operating arm of ET Solar in Europe. He estimates that the profit in Europe will be 7% higher than in Israel on solar projects, taking into account lower strength solar rays.
Published by Globes [online], Israel business news - www.globes-online.com - on December 31, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009