Palestinian officials say they have inaugurated their first solar panel plant as part of a plan to reduce their dependence on Israeli power sources. Mohammed Mustafa, head of the government's investment fund , says that Wednesday's plant opening in the ancient West Bank city of Jericho is one of four planned plants.
Climate news straight to your inbox? Sign up here
The announcement comes amid increasingly competitive renewables prices and a favourable political atmosphere.Since becoming minister for the ecological transition almost exactly one year ago Teresa Ribera has introduced climate legislation aiming to achieve 100% renewables by 2050. In early October, Ribera scrapped the so-called “sun tax” – an unpopular levy on solar power affecting individuals and small businesses. The government has also pledged to install between 6,000 and 7,000MW of renewable power every year until 2030.
“It’s clear that policies led by Teresa Ribera have given investors more confidence to throw themselves into projects like the one that Ibedrola has announced,” Sergio de Otto, head of the Renewables Foundation told Climate Home News. De Otto said costs for building renewable energy were falling “spectacularly”.
Grid-tied photovoltaic (PV) capacity increased 58% in 2008 and solar water heating capacity increased 40%; the PV industry today is 10 times larger than 1998 and likely to grow by 50% annually in the coming years; solar thermal plants covering an area equal to 9% of Nevada could generate enough electricity to power the nation; solar power is on the verge of reaching cost parity with conventional energy sources.
“From our perspective, it is necessary that we – citizens and small businesses – lead the energy transition to 100% renewables by 2050, but we also understand the need for large solar plants produced by companies. We believe that in future these great installations will coexist with an extraordinary growth in small-scale renewables production. These are therefore two complementary models”
We need your help… Climate Home News is an independent news outlet dedicated to the most important global stories. If you can spare even a few dollars each month, it would make a huge difference to us. Our Patreon account is a safe and easy way to support our work.