Enlight Announces Commercial Operation of Major Projects in Israel and Hungary, Including Enlight’s First Combined Solar and Storage Project
29 Agosto 2023 - 11:00AM
Enlight Renewable Energy (“Enlight”) (NASDAQ: ENLT, TASE: ENLT.TA)
a leading global renewable energy platform, is pleased to announce
the commercial operation of two projects. First, the Sde Nitzan
project in Israel commenced commercial operation on August 2nd. The
project is Israel’s largest combined solar and storage project and
is Enlight’s first ever storage project to reach commercial
operation. The project includes 23 MW of solar and 40 MWh of
storage. Second, Enlight announced the commercial operation of
ACDC, a 26 MW solar project in Hungary. Both projects reached
commercial operations on schedule and on budget.
“These projects further demonstrate Enlight’s
ability to efficiently develop, build and commercialize some of the
most advanced and exciting renewable energy projects around the
world. Our project portfolio in the U.S., Europe and Israel is
advancing on schedule and we see substantial new opportunities to
meet the growing demand for clean energy,” said Gilad Yavetz,
Enlight’s CEO.
The project in Sde Nitzan is part of Enlight's
PV+ storage cluster, with a total solar capacity of 248 MW and 474
MWh of storage capacity. The remainder of the capacity is expected
to reach commercial operations gradually until the end of the first
half of 2024. Starting in January 2024, Sde Nitzan will sell its
electricity directly to corporate PPA counterparties, in light of
the new regulation in the electricity market in Israel. Enlight
recently signed corporate PPAs with Amdocs and SodaStream (a
subsidiary of PepsiCo).
Project ACDC in Hungary also achieved commercial
operation. All the energy generated by the project will be sold
under a PPA linked to the consumer price index for 15 years. The
project is part of Enlight’s broader portfolio in Hungary, which
includes the operational Attila project, with a capacity of 57 MW,
and the 60 MW Tapolca project, which is currently under
construction.
About Enlight Renewable Energy Founded in 2008,
Enlight develops, finances, constructs, owns, and operates
utility-scale renewable energy projects. Enlight operates across
the three largest renewable segments today: solar, wind, and energy
storage. A global platform, Enlight operates in the United States,
Israel, and 9 European countries. Enlight has been traded on the
Tel Aviv Stock Exchange since 2010 (TASE: ENLT.TA) and completed
its US IPO (Nasdaq: ENLT) in 2023. For more information, visit
https://enlightenergy.co.il/
For additional information:
Enlight Renewable EnergyDan
Politidanp@enlightenergy.co.il
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in or suggested by these forward-looking statements are reasonable,
we may not achieve these plans or objectives. Actual future results
may differ materially from those projected as a result of certain
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Factors" as described in Enlight’s annual report on Form 20-F filed
with the Securities and Exchange Commission (“SEC”)
on March 30, 2023, and in Enlight’s subsequent quarterly
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from time to time with the SEC and TASE. These
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