Sunday Energy Ltd , the leading solar energy service provider in Israel, and Ormat Technologies, one of the world's largest geothermal power solutions companies, have announced the signing of an agreement to build a 1MW photovoltaic (PV) solar installation on the roof of Ormat's factory in Yavne.
Once complete, the companies claim the 16,000 square meter installation will be the largest PV roof in the Middle East, and will generate over NIS 60 million from solar energy sales over the next 20 years.
The project will cost approximately NIS 20m. to construct and is expected to be completed by the first half of 2010.
Sunday and Ormat will cooperate on all phases of the project, including the planning, licensing, equipment purchasing, installation and connection to the electricity grid.
Additionally, the agreement stipulates the companies will share responsibility for the maintenance and upkeep of the system for 20 years.
The project is scheduled to be completed in phases. The first 50 KW stage is already under development.