The Government is xpected to approve a strategic plan for encouraging investment in renewable energy. Minister of Finance Ronnie Bar-On and Minister of National Infrastructures Benjamin Ben-Eliezer head the committee.
The government will invest NIS 400 million in the five-year plan for 2008-12. The plan is intended to encourage R&D and production of electricity by renewable energy sources in order to consolidate Israeli industry's standing as a central player in the global market as the world turns to using renewable energy. The goal is for Israeli renewable energy companies to achieve NIS 500 million in annual sales.