Palestine’s Energy Challenge
Palestine is constrained in its control over its power supply and imports almost all of its electricity, an exceptional situation in today’s world. This limits the standard of living for the population and inhibits investments, particularly in manufacturing. Palestine’s lack of energy independence makes it impossible to match supply to demand, which is expected to rise from a current 1270 MW to 2165 MW by 2020. In an attempt to empower an independent Palestinian energy sector, the Palestinian Authority (PA) has directed its efforts towards renewable energy, culminating in a new renewable energy strategy: by 2020, Palestine aims to generate 50% of its energy demand internally, 10% of which is to be from renewable sources.
In much of Gaza, electricity is only available for up to 6 hours a day, diminishing the standard of living – including reliable access to water – for 1.8 million people and making any level of continuous industry or manufacturing impossible.
Current demand for power in Gaza is 470 MW and it is expected to rise to 855 MW by 2020, but no more than 200 MW is currently supplied.
70% of the electricity in Gaza is imported, 58% from Israel and 12% from Egypt. The Gaza Power Plant produces only approximately 30% of the electricity consumed (working at half capacity).
IN THE WEST BANK
The West Bank imports all of its electricity, essentially from Israel (95%).
Demand is increasing dramatically; current power demand stands at 830 MW and is expected to increase to 1,310 MW by 2020.
A Focus on Renewables
We believe that turning to renewable energy is the best way forward for Palestine.
Solar and wind require a shorter lead time for planning and construction (i.e. 18 months). This means faster implementation and results on the ground for the Palestinian people.
Geothermal energy, another untapped source of power, requires a longer lead time and a larger up-front capital infusion, but is typically economical on the long run.
Today, we believe that solar power is a compelling alternative energy source in Palestine.
OUR ENERGY PROJECTS
West Bank Solar
West Bank Solar is Shurook’s first renewable energy project. Initial plans will target a gradual production capacity of 100 MW per year – 11.6% of the current West Bank demand – with the potential for expansion up to 20%.