Arison unit Solaria to build solar energy system at Einat

The kibbutz’s commercial center will become Israel’s first to be fully solar powered.

Shira Horesh 24 May

Arison Holdings Ltd. unit Shikun u’Binui Solaria Ltd. has signed a contract to build a 50-kilowatt solar power system at Kibbutz Einat in the Sharon area, at a cost of about NIS 1 million. Upon completion, the kibbutz’s Einat Alon commercial center will become the first center in Israel to receive all its electricity from a renewable source. It will sell the surplus electricity to Israel Electric Corporation (IEC) (TASE: ELEC.B22).

Alon Einat Holdings CEO Rafi Eshet said, “Commercial centers that sell fuel to vehicles ought to use solar power for their own energy needs in order to avoid harming the environment. We envision that sun-blessed Israel will use solar energy to generate electricity, especially at shopping centers with large roofs where solar energy systems can be installed.”

Solaria is a wholly owned subsidiary of Shikun u’Binui Holdings Ltd. (Housing and Construction) (TASE: HUCN).

Published by Globes [online], Israel business news – http://www.globes-online.com – on May 24, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

via Arison unit Solaria to build solar energy system at Einat.