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Boost for wind energy in Israel

Multimatrix Invests Millions In Israel’s Small Wind Market, Green Prophet by Maurice Picow on May 8, 2010 “…..now, according to an article published in Reuters, the idea of using wind energy is about to get a big boost in a deal involving an Israeli company Multimatrix, which is in the process of buying half of Mei Golan (a subsidiary of the Mei Eden water company), the company operating the wind turbines.

The deal, which is said to be costing between 20 and 25 million US Dollars, will involve the initial construction of seven new wind turbines to be built in 2011 at a cost of around $27 million. Mulitmatrix, together with the U.S.-based AES Corp,  hopes to build a total of 160 wind turbines that will generate about 450 megawatts of electricity – considerably than that presently generated by the outdated Mei Golan turbines.

Since the total cost of this project is estimated to coast in the neighborhood of $800 million, it gives an indication of the importance being given by Israeli Energy Minister Uzi Landau on using wind energy as a source of power for generating electricity.

Multimatrix Invests Millions In Israel’s Small Wind Market | Green Prophet

May 10, 2010 - Posted by Christina Macpherson | Israel, renewable | renewable energy, wind