As per the plan, Israel will sell Jordan 200 million cubic meters of desalinated water annually in exchange for purchasing green electricity from a UAE-built solar field in Jordan.
The $100 million investment in the power station was finalized last week during the visit of Zambian President Hakainde Hichilema to Israel.
SodaStream entered a corporate power purchase agreement (PPA) with the global renewable energy platform Enlight.
A combination of renewables, oil and gas, nuclear energy, carbon storage, hydrogen, and other sustainable energy sources is necessary to meet the world’s energy needs.
New Under the Sun invites the reader on an eye-opening journey through the renewable energy revolution offering the ultimate solution to humanity’s way forward.
The cost of solar power, which is already the cheapest form of electricity production, will fall as low as $20 per megawatt-hour.
The new projects are part of an Israeli government decision to be more energy efficient and increase renewable energy use on government properties, thereby significantly reducing costs.
Enlight started the renewable energy market by installing solar panels on several kibbutzim and moshavim throughout Israel.
In the cooperative spirit of the Abraham Accords, Ofer Yannay suggested that Israeli and Arab entrepreneurs could combine to create these massive projects.
Yannay is the chairman and Founder of Nofar Energy, one of the largest commercial and industrial solar companies in the world and a global leader in renewable energy investments.
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