Focus on … Alternative Energy

The Israeli government will invest

NIS

400 million in a strategic five-year plan for encouraging investment in renewable energy.

The plan is intended to encourage R&D and production of electricity by renewable energy sources in order to consolidate Israeli industry's standing as a central player in the global market as the world turns to using renewable energy.

The goal is for Israeli renewable energy companies to achieve

NIS

500 million in annual sales (“

Israel

to invest

NIS

400m in alternative energy,”

Source : Federation of Israeli Chambers of Commerce