Edeltech Renewable Energies
Edeltech Group intends to establish a new branch focusing on renewable energy projects. Initially, the Company will focus on the establishment of solar facilities that will be connected to the transmission and distribution grid, net meter facilities, etc. To this end, the Company has prepared appropriate land reserves that will allow it to set up solar fields and meet the requirements of the Electricity Authority. This activity will be divided into local activity, such that at the sites where renewable energy facilities are built, it will be possible to store the electricity for later use, and activity of the Group which will allow the diversion of energy from hours of low demand and low electricity prices, to peak hours with high electricity prices.
The Company will later examine involvement in the development and construction of electricity production projects using wind turbines in various regions in Israel, where the economic merit of such projects is proven.