Technological advancements in Solar Power provide affordable electricity

For the past ten years, the electricity sector has received very little funding to develop renewable energy sources and the relevant infrastructure. During the last industrial revolution, many state governments directed huge investments into the manufacturing and processing industries. Most of the countries never acknowledged the effects on the country’s electricity demand. Statistics showed that most manufacturers operated fossil-fuel-powered facilities, contributing to the emission of greenhouse gases. Different zero-emission initiatives implemented in the last decade aimed to address the advanced effects of global warming. 

In 2009, the Israeli government decided to incorporate a green electricity initiative that failed terribly. Israel aimed to utilize wind and solar to produce at least 5% of its electricity by 2014 and predicted growth to at least 10% of electricity generation from renewables by 2020. The country never attained most of its targets, and currently, only 8% of the country’s electricity production comes from green energies. Despite the failures in achieving a higher contribution of renewables, many companies announced tremendous breakthroughs as the industry shifts to the prevailing trends.

Ayalon Vaniche, CEO of EDF Renewables Israel, said that the government continues to develop different regulatory policies, after learning from other countries’ mistakes. In an interview with Lior Gutman, Ayalon stated that the current world is competitive, and there are no more subsidies for companies developing renewable energy technologies. The interview happened during Calcalist and ESIL Technologies’ Sustainability and Innovation Week. Venice stated that renewable energies are affordable in Israel, and technologies continue to create opportunities for the country.

 According to Ayalon’s statement, renewable energy sources generate very cheap electricity such that other sources no longer compete. In the last few government contracts awarded to energy corporations, solar bids amounted to only 33% of the natural gas tenders. The statement cited a tender whereby the price for solar offers at less than 3 cents per kWh compared to 7.5 cents per kWh for natural gas. 

Ayalon proposed a significant industrial development is to use energy storage in solar-powered electricity generation facilities to enable the firm’s operations when the Sun is not out. Incorporating energy storage technologies increased the solar bid price to 6 cents per kWh, projecting that lithium-ion batteries aim to substitute conventional power facilities. The electric vehicle (EV) industry and energy storage facilities are the primary demand for batteries.
The Israeli government faces a significant challenge of scarce land to support large-scale solar power production. Even though power production efficiencies continue to improve, limited land inhibits the country’s full potential. But a proposed dual land-use program plans to solve the issue. In summary, developing infrastructure to support renewable energy is a crucial strategy to achieve an emission-free economy.