Arava Power Company is Israel’s leading solar developer and a pioneer in mid-size and large-size solar fields using photovoltaic technology. Founded in 2006, the company seeks to supply 10% of Israel’s electricity needs through alliances with kibbutzim, Negev Bedouin and other land owners, especially in the south of the country.
In 2011, the Company launched Israel’s first commercial solar field a 100 million NIS installation financed by Bank HaPoalim – and announced their planned pipeline of over 400 megawatts, comprising an investment of approximately $1.5 billion. In 2012 they announced that they had received a license for the Tarabin Solar Field, the first solar field for the Bedouin community. Financing for the $30 million Tarabin installation is to be provided by OPIC the Overseas Private Investment Corporation of the United States Government.