Cabinet passes renewable energy amendments

July 17, 2011 13:36

The Cabinet passed on Sunday a proposal to allocate over $524 million worth of potential renewable energy investments to Israelis in the West Bank as part of an effort to revamp the country’s green energy policies.

While sources previously told The Jerusalem Post that the latest set of regulations would only shift 10 percent of the medium-sized solar field quotas to Judea and Samaria, the passed amendments will actually move 10% of the entire renewable energy quota.Included in the bill was a quota of 460 megawatts for large fields, which “will emancipate the market from the stagnation that the Finance Ministry has forced upon us,” the National Infrastructures Ministry said in a statement.

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