Business in Brief: December 13

Psagot: "We have a real-estate bubble"; Israeli company unveils solar streetlight; SolarEdge signs deal with French firm.

Breaking news (photo credit: JPOST STAFF)
Breaking news
(photo credit: JPOST STAFF)
Psagot: We have a real-estate bubble
By Yossi Nissan
“In Israel, the figures show that there is a [realestate] bubble: the mother of all bubbles,” Psagot Investment House Ltd. chief economist Vered Dar said Sunday. “We had a decade of rises in home prices that boosted prices. If it continues next year, it will really be a bubble. But I am not sure that the situation will continue: we don’t have signs of subprime, we don’t have leverage on mortgages, and so I am not sure that the situation will be worse. It is impossible to time when a bubble begins. I don’t think home prices will fall in 2011, but at some time they will fall.”
“Israel cannot be without the West,” she said at the Globes Israel Business Conference in Tel Aviv. “We are built on exports to the West, and we would find it difficult to generate growth without this. We are also working on exports to the East, but in no way will it equal export to the West. The East simply does not import what we export.”
Israeli company unveils solar streetlight
By Ehud Zion Waldoks
Solarian has unveiled an all-in-one solar streetlight that is independent of the electricity grid. All of the components come in one box, making it easy to install, according to the company. It’s ideal for offgrid use and could potentially save municipalities millions in lighting costs, the company said.
So far, the Solarian streetlight has been installed at the International Design Museum in Holon, at Park Canada in Or Yehuda, at Ein Gedi and elsewhere in Israel. It has also been installed in Spain, Texas, Nigeria and South Africa, among other places.
Solarian last week announced it intends to build a solar power station on the roof of the main market in Kiryat Malachi, which will be the roof itself. The 250-kilowatt power station, with an option to increase its capacity to 400 kW, will cost NIS 5 million and will cover 2,500 square meters. A tender for its design is to be issued soon.
SolarEdge signs deal with French firm
By Ehud Zion Waldoks
SolarEdge, an Israeli manufacturer of end-to-end distributed solar-power harvesting and monitoring solutions, last week announced it has signed a deal with French One Network to install its systems on solar fields and rooftop installations. One Network distributes and installs PV systems and develops PV tracking systems. With 7 megawatts installed in 2010, the company’s target markets are commercial rooftops and solar farms.
One Network is the provider of TRAKY, a two-axis 1-kW tracker that can be deployed individually or as part of large-scale solar farms. Each tracker is fully independent and can be managed remotely. The SolarEdge solution enables One Network to overcome many drawbacks related with tracking systems that use traditional inverters.