The process for getting a license for a medium-size project calls for the application and receipt of a provisional license. An applicant needs to meet 5 pre-requisite conditions to apply for a provisional license:
Land - Having rights in the land (or rooftop) on which the project is planned.
Grid Connection Feasibility – Initial survey by the Israeli Electric Corporation (“IEC”).
Experience – The applicant needs to show experience in similar projects.
Equity – An applicant needs to show equity of 20% of the project cost.
Bank Guarantee – An applicant needs to provide a bank guarantee.
The receipt of a provisional license in itself does not guarantee the
approval of the FIT. The process following the grant of a provisional
license calls for meeting certain milestones - the primary ones are
getting a construction permit from the relevant zoning authority, starting
the grid connection process, consummating the financial closing and of
course the actual construction of the plant. When an applicant is ready
for the financial closing, it applies for approval of the tariff (step
4 in the chart). Once the tariff is approved the licensee has up to 90
days to consummate the financial closing. Failure to meet this
milestone would result in expiration
of the license and forfeiture of the bank guarantee . In
addition to securing of all the financing for the project, the
financial closing requires the licensee to have in place agreements
with an EPC and O&M contractors.
About Us
SolSpear Energy Ltd. (SolSpear) is an independent solar power producer (IPP). more...
Solar Israel 
