Arava
–
which
has
been
40%-owned
by
German
industrial
group
Siemens
since
2009
–
will
build
five
plants
in
the
Negev
desert.
Engineering,
procurement
and
construction
(EPC)
for
the
35MW
of
Negev
PV
will
be
handled
by
Siemens
Israel.
Arava
has
also
secured
finance
to
press
on
with
23MW
at
three
other
plants
in
a
partnership
with
EDF
Israel,
the
local
unit
of
the
French
utility
giant.
The
company
raised
the
project
finance
from
a
variety
of
lenders.
Arava
is
planning
a
total
PV
project
pipeline
of
more
than
400MW.
Israel
adopted
a…
