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Shikun & Binui Renewable Energy Ltd.
S hikun & Binui Renewable Energy is the
energy arm of Shikun & Binui Group.
Since its inception, the company has
been developing, planning, constructing and
operating electricity producing facilities, in Is-
rael and abroad, renewable energy and natural
gas based facilities, including thermal solar en-
ergy and photo-voltaic (PV) solar energy. Shikun
& Binui Renewable Energy specializes both in
private development as well as and in coopera-
tion with the public sector (PPP) projects. Shikun
& Binui Renewable Energy develops projects
of technological capabilities and integration
and operation capabilities pertaining to solar
energy, intended to serve both the company’s
projects, as well as third party projects. The com-
pany focuses on large scale long-term renewable
projects’ development. All of Shikun & Binui
Renewable Energy’s projects are planned, built
and managed according to the group’s sustain-
ability vision.
Shikun & Binui Renewable Energy invests in its
projects significant equity and plays a major role
in the construction and long term operation of
its projects. Among the company’s select proj-
ects, especially solar energy projects, are:
• The AshalimThermal Solar Power Plant –Shi-
kun & Binui Renewable Energy’s current flag
project. The first thermal solar based power
facility in Israel, using the parabolic trough col-
lectors method, which the company finances,
constructs and operates, in BOT method. The
facility will have a capacity to generate 110MW
(one of the largest of its type worldwide).The
generated electricity will be sold to the Israel
Electric Corp. according to a 25-year agreement,
starting from the date of operation. The facility
will be constructed at cost of USD1 billion and is
expected to be completed by 2018. The project
is expected to contribute significantly to eco-
nomic and employment growth in the Negev.
• The Shneur Negev Thermo-Solar Power
Plant – Shikun & Binui Renewable Energy, in
partnership with Kibbutz Tze’elim in the Negev,
promotes a project for planning, financing, con-
structing and operating a solar power station
for a 120 MW scale on kibbutz land, covering
approx. 350 acres. The project has been de-
clared as a National Infrastructure Project,
and received a provisional license to produce
electricity under the Feed in Tariff scheme. The
project is expected to begin construction during
the last quarter of 2016.
• Photo-Voltaic (PV) Solar Facilities Develop-
ment in Israel – For several years, the company
has been working on the development of large
and medium-sized solar PV projects in Israel,
both ground mounted and on rooftops, based
on the regulations and tariffs set by the govern-
ment, through purchasing land rights and devel-
oping the projects independently and through
purchasing projects from other developers.
• Expanding the Etgal Ashdod Power Plant –
Shikun & Binui Renewable Energy, through its
subsidiary, Etgal Energy, is Israel’s first private
electricity producer, and owns an electricity pro-
duction power plant. The Ashdod power plant
expansion project will include the construction
of a natural gas based 200 MW station, utilizing
existing infrastructure.
Shikun & Binui Renewable Energy provides
comprehensive solutions, beginning with the
development stage, through project construc-
tion unto operation. The company specializes in
government liaisons, financing, engineering/de-
sign, construction and management of partner
consortium, regular activity and maintenance,
among others. These are select company activi-
ties in first stages:
Planning and Construction
In the Thermo-Solar Sector – The Company
maintains in house development, engineering
and operation capabilities. In addition, the com-
pany is also working on developing a new con-
figuration for hybrid (with natural gas) plants,
in order to significantly lower solar electricity
production costs.
In the Photo-Voltaic Sector – The Company pro-
vides itself (in projects which it develops) and its
customers with a range of solutions to produce
electricity through solar energy, in industrial
buildings, public institutions and designated
installations (parks), all based on leading tech-
nologies and careful selection of components
that adhere to the strictest of standards. The
company has completed the construction of over
36MW of small and medium PV installations
in locations such as Hatzerim, Timna and Sde
Boker, and has recently completed construction
of an 18MW project near Nevatim.
Power Plants’ Operation
Shikun & Binui Renewable Energy operates the
power plants that it owns (PV solar technology
and conventional technology), and offers cus-
tomers solar power plant operating services.
PV Projects in Spain – Shikun & Binui Renew-
able Energy, through its subsidiary in Spain, “Gi-
latz Spain”, holds three PV solar parks in Spain,
with 15 MW output, built with an investment
of 100 million Euros. The parks produce clean
electricity supplied to the Spanish electricity
grid throughout the facilities’ lifespan.
Shikun & Binui Renewable Energy, through its
subsidiary, “Etgal Energy”, operates the Etgal
power station in Ashdod, which has a 26MW
generation capacity, which serves as a Peaker.
The station’s electricity is sold exclusively to
the IEC.
1 A Ha’Yarden, P.O.B. 1133,
Airport City 7010000
Tel: 972-3-6300000
Fax:972-3-6301595
Facebook: shikun.binui
Esta b l i s h e d
1965
L i n e o f b u s i n ess
Development, design, construction and operation of electricity generation facilities in Israel and
abroad on the basis of natural gas and renewable resources, including solar thermal energy and
photovoltaic solar energy.
Yaron Szilas
CEO *
Yaron Karisi
Chairman of the Board *
* See Top Executives Profiles - Page 582