Energy

The Ministry of Energy unveiled a new plan that would bring the percent of the energy produced in Israel by alternative means to between 25-30% by 2030. The current plan calls for the country to reach 17% by 2030. According to Energy...

The Delek Group announced it has won a bid to purchase the assets of Chevron North Sea Limited. Chevron North Sea operates dozens of oil and gas wells in the North Sea. The purchase price was $2 billion, which after taking into...

The Electric Authority announced the result of its latest tender for suppliers of solar energy. The lowest bid came in at NIS 0.156 per kilowatt hour of power. That bid is from Partner Investors, who will supply 69 Megwatts. Adanit Realtors will...

charging The Israeli Energy Ministry has finally issued tenders to cities to create electrical charging stations in many parts of the country. Jerusalem will be able to build 100 chargers (each charger charges two cars). Holon will create 60 chargers and Ashdod will...

Israel has traditionally been short of energy sources. Despite being in the Middle East, surrounded by oil-rich neighbors, only the most negligible oil or gas had ever been found in Israel. For a short period after the Six Day War and before the peace agreement with Egypt,...

The Israeli Electric Company (IEC) announced it had made a net profit of NIS 166 million in the first quarter of 2019, up from the loss of NIS 67 million in the first quarter of 2018. The company’s income was NIS 6...