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Azrieli has agreed to acquire a 50% shareholding in the facility to be built in southern Israel and has entered into a 20-year power purchase agreement (PPA), which is expected to fetch between ILS 1. 0085 per kW, with kWh figures therefore at $49. From ESS News Israel has awarded contracts for 1. 5 GW of high-voltage battery storage capacity across three regions, marking a significant milestone in the country's energy transition. The tender, which attracted 11 bidders proposing 29 projects, set capacity tariffs ranging from 2.