Israeli developer Shikun & Binui Energy has signed a Build–Operate–Transfer (BOT) agreement with the State of Israel to develop a solar and energy storage project at the Ashalim site in the Negev. The project is planned at an existing solar-thermal plant site and is jointly owned with Noy Fund on a 50–50 basis. It is designed with about 150 MW of installed capacity and around 460 MWh of energy storage. The project brings together solar-thermal, photovoltaic and storage technologies at one site using existing land and grid infrastructure. Construction is scheduled to start in Q1 2026 and last about 18 months, with commercial operations planned afterward. Estimated construction costs range from ILS 573 million (~$179.44 million) to ILS 603 million (~$188.84 million). First-year revenues are projected at ILS 73 million (~$22.86 million) to ILS 93 million (~$29.11 million), with EBITDA estimated at ILS 37 million (~$11.58 million) to ILS 53 million. Financial contribution is expected from 2027.