‘Arava’ Raises $204M For Israeli Solar Fields

Arava Power Co., an Israeli renewable-energy developer, announced that it has raised $204 million to build eight solar energy fields in Israel’s Negev desert. The company said that the fields will generate a total of 58.5 megawatts of power. Five of Arava’s fields will be built by Siemens Israel, which partly owns the company. Arava, based in Kibbutz Ketura, noted that the construction of the first field will begin in a few months.