Israel’s Arava Power Company (APC) one of the country’s top solar energy producers, is now working towards supplying solar powered electricity to 15 Negev Desert kibbutzes and agricultural villages.

A price reduction to the level of $2000/kw is shown to be possible using the Concentration PV (CPV) technology. This is made possible by using the state of the art existing components such as the multijunction 37 % solar cell and other modern technologies, coupled with erection of automatic production lines requiring large investments. This decrease in cost will allow implementation of financial strategies that will allow, with a reasonable credit line level, to build the entire solar energy production facilities for whatever power required up to the level of supplying 80% of the electricity needs of Israel, over a period of 30 years. The detailed presentation of the financial strategies to allow a complete and continuous erection of the solar energy infrastructure proves unequivocally that the CPV solar technology has the potential to largely substitute the use of fossil energy within the next 30 years, wherever such substitution is feasible and practical. The implementation of such strategy is a Paradigm change in strategy from the BOTTOM-UP approach to the TOP-DOWN approach.