4 news published.
Today's market highlights showcase significant developments, particularly in the renewable energy sector. Enlight Renewable Energy (ENLT) announced the commencement of commercial operations at its Tapolca solar project in Hungary. This project, boasting a 60 MW production capacity, began selling electricity ahead of schedule on July 31, 2024. Notably, this marks Enlight's fifth project in Hungary, enhancing its total generating capacity in the country to 144 MW.
Key financial details include:
- Total construction cost: $48 million
- Expected first-year revenues: $6 million
- Projected EBITDA: $5 million
- Enlight's equity investment: $21 million
The project is set to deliver green power equivalent to the annual consumption of 30,000 Hungarian households, and financing was facilitated by Raiffeisen Bank.
For more in-depth information, Read More.
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