The Israeli solar firm HelioFocus signed a memorandum of understanding on
Tuesday with Chinese energy giant Taiqinq to build a $340 million solar facility
that will reinforce a giant coalfired power plant in Inner Mongolia.
200-megawatt thermo-solar facility is the second phase of a multi-stage solar
city to be established in the region.
It is the direct continuation of
the completion of construction of solar reinforcement plates that were installed
in the region of Alasha.
HelioFocus, founded in 2007, is owned jointly by
the Israeli group IC Green Energy – the green arm of the Israel Corporation –
and the Chinese firm Zhejiang Sanhua.
Attending Tuesday’s signing
ceremony were Israel’s ambassador to China Matan Vilnai, the governor of Alasha,
and Nir Gilad, president and CEO of the Israeli Corporation.
on the project is likely to start in 2015 with the simultaneous establishment of
a 600-megawatt coalfired power station, which is currently in its planning
stages, the companies said.
“Cooperation between companies from China and
Israel and the advantages of each of the partners will create a venture with the
potential for breakthroughs in environmentally friendly production of
electricity,” Gilad said.
“The integration of advanced Israeli technology
with the Chinese ability to execute constitutes an important basis for continued
This is the second joint venture between HelioFocus and
Sanhua, with the original being a demonstration facility launched in Rotem
Industrial Park in summer 2012.
Dr. Yom-Tov Samia, president and CEO of
IC Green Energy, stressed that the new agreement represents “a significant
stepping stone” toward deepening the company’s activity in Asia.
HelioFocus thermo-solar technology relies on parabolic dishes with large optical
concentrators that follow the movement of the sun and create temperatures of up
to 650 degrees Celsius. The radiation is then channeled to a receiver above that
heats the air, which moves to a central heat-exchange system that produces hot
steam. In turn, the steam can drive a power plant turbine.
of the memorandum of understanding is a commercial badge of honor for
HelioFocus’s engineers,” said Oren Gadot, CEO of HelioFocus. “It serves as an
indication that HelioFocus is part of an enormous story taking place in China of
late, of awareness that national energy efficiency is the way to harness the
growth in energy usage stemming primarily from population growth and the
continuing increase in usage for GDP.”