ISRAEL

The Megalim Solar Power joint venture  of US firm BrightSource (25.05%), France’s Alstom (25.05%) and Israel’s NOY Infrastructure and Energy Investment Fund (49.9%) has secured NIS2.35bn ($690mn) of funding from the European Investment Bank and Bank Hapoalim for the 121MW Ashalim concentrated solar power (CSP) plant in Israel. Total project cost is estimated at NIS2.9bn ($850mn).

Plant completion is scheduled for early 2017. BrightSource will provide the heliostats...