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Teralight, an Israeli energy company, has received approval to begin commercial operations at its 150-MWdc solar photovoltaic (PV) park located in the Ta’anach region of southern Israel’s Jezreel Valley. This solar farm, known as Ta’anach 1, is one of the country’s largest and is expected to generate around 310 GWh of electricity annually. Teralight holds a 51% stake in the project, with the remaining 49% owned by Migdal Group. The operation of the Ta’anach 1 solar park is projected to bring in an estimated ILS 60 million (USD 16.6 million/EUR 15.9 million) in annual revenues. In addition to the 150 MW Ta’anach 1 facility, Teralight is advancing plans for the Ta’anach 2 expansion project. This 104-MW solar plant will be paired with a 440 MWh battery storage system and is scheduled to be connected to the grid in the second half of 2026. Teralight owns the Ta’anach 2 expansion project outright. Together, the Ta’anach 1 and Ta’anach 2 projects will represent approximately 5.2% of Israel’s installed renewable energy capacity and contribute to 1.2% of the country’s total electricity supply. Teralight CEO Rani Lifshitz emphasized that the company is also developing and constructing solar and storage projects with a combined capacity of approximately 400 MW and storage capabilities of 750 MWh. These projects are set to be commissioned gradually over the next three years. |
