Israeli solar pioneer Josef Abramowitz made the announcement days before he hopes to secure a Nobel Peace Prize for his climate initiatives.
The MOU follows a strategic partnership with the Moshavim movement in Israel and investments in green energy technology.
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Amongst the explosion of Israeli energy startups, one is set to change the way solar power can be stored.
In the US, 16% of SolarEdge's battery installations are now enrolled in grid services programs.
The $100 million investment in the power station was finalized last week during the visit of Zambian President Hakainde Hichilema to Israel.
SodaStream entered a corporate power purchase agreement (PPA) with the global renewable energy platform Enlight.
Saudi Arabia will hit 1.5 gigawatts of renewable energy capacity this year, of which 1GW will be solar, an increase from 22.5 megawatts in 2013.
The cost of solar power, which is already the cheapest form of electricity production, will fall as low as $20 per megawatt-hour.