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The main increase in renewable energy installation is in developing countries, which have become a leading business target for the Israel renewable energy industry.

In Israel there is a window of opportunities for exceptionally innovative developments and applications in the field of generating renewable energy, due to a synergy that exists between the security industry, the hi-tech industry, and the innovative "startup nation".

Israel's relative advantages must be leveraged – especially as the renewable energy industry is abundant in manpower and knowledge. Developing this industry could therefore lead to direct and significant benefits for the Israeli market as a whole, including increased employment and export, and benefits such as emissions decrease and energy saving.

However, the renewable energy industry presents unique challenges – especially with regards to financing following the transition from R&D to commercialization of the technology.

Israel was recently ranked no. 1 for cleantech innovation out of 40 entrepreneur states, including Finland and the USA. However, there was a significant gap between Israel's innovative abilities and its ability to commercialize these technologies (only ranked at no. 8).

Main recommendation – A joint government, public and private venture capital.