Doral Energy Wins Tender for 500-Dunam Agro-Voltaic Project in Central Israel
Translated & summarized from Bizportal by baba
The story in 5 lines · by baba
- Doral Energy will build a 500-dunam agro-voltaic project in Holon.
- The project combines solar power generation with energy storage.
- It will also allow for continued agricultural activity on the land.
- Annual revenues are estimated at 40 million shekels.
- The location is central Israel's Gush Dan region.
Doral Energy has secured a tender to establish a significant agro-voltaic project at the Mikveh Israel compound in Holon, located in the heart of Israel's Gush Dan region. The project is slated to cover approximately 500 dunams and will feature a solar power generation capacity of about 50 megawatts, coupled with a 300 megawatt-hour energy storage system. The company anticipates annual revenues of around 40 million shekels from this venture.
The initiative is seen as symbolically linking the historical agricultural roots of Mikveh Israel, founded in 1870, with a modern form of Israeli agriculture. This new model integrates crop cultivation with solar energy production and storage on the same land. Doral Energy, already active in the agro-voltaic sector, aims to transition this field from experimental to commercial scale.
A key advantage for Doral is the project's prime location in central Israel, close to major electricity consumers and existing grid infrastructure. This proximity is expected to enhance the project's feasibility. However, Doral has not yet disclosed the total investment, its ownership stake, the construction and operational timelines, or the projected EBITDA and profits.
This project is expected to be among the first of its kind and scale to be advanced under new planning regulations for agro-voltaic projects in the Tel Aviv and Central districts. It exemplifies dual land use, allowing for continued farming alongside significant solar power generation and storage, a crucial development in land-scarce areas.
Yoni Hantzis, CEO of Doral Group, stated that winning the Mikveh Israel tender is a major step in Doral's leadership in the agro-voltaic field, bringing it to the Gush Dan area. He highlighted the project's potential to "preserve and develop Israeli agriculture, and on the same land, produce clean energy in significant volumes and close to consumption centers." Ze'ev Belsky, Chairman of Mikveh Israel, added that the project has the potential for "significant contribution to the State of Israel's energy economy."
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