Enlight to Supply Vishay with $105m of Clean Power Over 12 Years
Enlight Renewable Energy (NASDAQ: ENLT) has signed a significant power supply agreement with Vishay Israel , valued at approximately $105 million over 12 years. The contract includes an option to increase consumption volumes throughout its duration.
This agreement adds Vishay to Enlight's growing portfolio of major Israeli clients, including the Weizmann Institute of Science, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream, and Applied Materials. The deal will help Vishay, a leading manufacturer of semiconductors and electronic components, reduce its electricity costs in Israel while significantly decreasing emissions - equivalent to planting 740,000 new trees or removing 17,000 fuel-powered vehicles annually.
The partnership leverages Israel's deregulated electricity market, allowing large consumers to directly contract with power producers. Enlight, which maintains the largest renewable energy portfolio in Israel, continues to lead the country's transition to clean energy.
Enlight Renewable Energy (NASDAQ: ENLT) ha firmato un importante accordo di fornitura energetica con Vishay Israel, del valore di circa 105 milioni di dollari in 12 anni. Il contratto prevede un'opzione per aumentare i volumi di consumo durante tutta la sua durata.
Questo accordo aggiunge Vishay al crescente portafoglio di clienti israeliani di rilievo di Enlight, che include l'Istituto Weizmann di Scienze, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream e Applied Materials. L'intesa aiuterà Vishay, leader nella produzione di semiconduttori e componenti elettronici, a ridurre i costi dell'elettricità in Israele e a diminuire significativamente le emissioni, equivalenti a piantare 740.000 nuovi alberi o a rimuovere 17.000 veicoli a combustibile ogni anno.
La partnership sfrutta il mercato elettrico deregolamentato di Israele, che consente ai grandi consumatori di stipulare contratti diretti con i produttori di energia. Enlight, che detiene il più ampio portafoglio di energie rinnovabili in Israele, continua a guidare la transizione del Paese verso l'energia pulita.
Enlight Renewable Energy (NASDAQ: ENLT) ha firmado un importante acuerdo de suministro eléctrico con Vishay Israel, valorado en aproximadamente 105 millones de dólares durante 12 años. El contrato incluye una opción para aumentar los volúmenes de consumo a lo largo de su vigencia.
Este acuerdo suma a Vishay al creciente portafolio de clientes principales israelíes de Enlight, que incluye al Instituto Weizmann de Ciencias, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream y Applied Materials. El acuerdo ayudará a Vishay, un fabricante líder de semiconductores y componentes electrónicos, a reducir sus costos eléctricos en Israel y a disminuir significativamente las emisiones, equivalentes a plantar 740,000 árboles nuevos o retirar 17,000 vehículos a combustible anualmente.
La asociación aprovecha el mercado eléctrico desregulado de Israel, que permite a los grandes consumidores contratar directamente con los productores de energía. Enlight, que mantiene el portafolio de energías renovables más grande de Israel, continúa liderando la transición del país hacia la energía limpia.
Enlight Renewable Energy (NASDAQ: ENLT)는 Vishay Israel과 약 12년간 1억 500만 달러 규모의 중요한 전력 공급 계약을 체결했습니다. 계약 기간 동안 소비량을 늘릴 수 있는 옵션도 포함되어 있습니다.
이번 계약으로 Vishay는 와이즈만 과학 연구소, NTA 대중교통, Amdocs, 빅 쇼핑 센터, 소다스트림, 어플라이드 머티리얼즈 등 Enlight의 주요 이스라엘 고객 포트폴리오에 합류하게 되었습니다. 반도체 및 전자 부품의 선도 제조업체인 Vishay는 이 계약을 통해 이스라엘 내 전기 비용을 절감하고, 연간 74만 그루의 나무를 심거나 1만 7천 대의 연료 차량을 제거하는 것과 맞먹는 탄소 배출 감소 효과를 누리게 됩니다.
이번 파트너십은 이스라엘의 전력 시장 자유화 제도를 활용해 대규모 소비자가 발전업체와 직접 계약할 수 있도록 합니다. 이스라엘에서 가장 큰 재생에너지 포트폴리오를 보유한 Enlight는 국가의 청정 에너지 전환을 계속 선도하고 있습니다.
Enlight Renewable Energy (NASDAQ : ENLT) a signé un accord important de fourniture d'électricité avec Vishay Israel, d'une valeur d'environ 105 millions de dollars sur 12 ans. Le contrat inclut une option pour augmenter les volumes de consommation pendant toute sa durée.
Cet accord ajoute Vishay au portefeuille croissant de clients majeurs israéliens d'Enlight, comprenant l'Institut Weizmann des Sciences, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream et Applied Materials. Ce partenariat aidera Vishay, un fabricant leader de semi-conducteurs et composants électroniques, à réduire ses coûts d'électricité en Israël tout en diminuant significativement les émissions – équivalant à la plantation de 740 000 nouveaux arbres ou au retrait de 17 000 véhicules à moteur chaque année.
Ce partenariat tire parti du marché de l'électricité déréglementé en Israël, permettant aux grands consommateurs de contracter directement avec les producteurs d'énergie. Enlight, qui possède le plus grand portefeuille d'énergies renouvelables en Israël, continue de mener la transition du pays vers une énergie propre.
Enlight Renewable Energy (NASDAQ: ENLT) hat einen bedeutenden Stromliefervertrag mit Vishay Israel abgeschlossen, der einen Wert von etwa 105 Millionen US-Dollar über 12 Jahre hat. Der Vertrag beinhaltet eine Option zur Erhöhung der Verbrauchsmengen während der Laufzeit.
Mit diesem Vertrag erweitert Vishay Enlights wachsendes Portfolio bedeutender israelischer Kunden, darunter das Weizmann-Institut für Wissenschaft, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream und Applied Materials. Der Vertrag hilft Vishay, einem führenden Hersteller von Halbleitern und elektronischen Komponenten, seine Stromkosten in Israel zu senken und gleichzeitig die Emissionen erheblich zu reduzieren – was dem Pflanzen von 740.000 neuen Bäumen oder der Entfernung von 17.000 kraftstoffbetriebenen Fahrzeugen pro Jahr entspricht.
Die Partnerschaft nutzt den deregulierten Strommarkt Israels, der es Großverbrauchern ermöglicht, direkt mit Energieerzeugern Verträge abzuschließen. Enlight, das das größte Portfolio an erneuerbaren Energien in Israel hält, führt weiterhin die Energiewende des Landes hin zu sauberer Energie an.
- Secured $105 million, 12-year power supply agreement with Vishay Israel
- Contract includes option to increase consumption volumes
- Agreement will generate cost savings for client while providing steady revenue stream
- Expanding client portfolio with major Israeli companies
- Demonstrates strong market position as largest renewable energy portfolio holder in Israel
- None.
Insights
Enlight's $105M deal with Vishay strengthens market leadership in Israel's deregulated energy market, providing stable long-term revenue with growth potential.
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What's particularly telling is Enlight's expanding portfolio of high-profile clients. The addition of Vishay alongside the Weizmann Institute, NTA Metropolitan Transit, Amdocs, SodaStream, and Applied Materials demonstrates Enlight's growing market dominance as Israel's preferred renewable energy provider for major enterprises.
The timing is strategically optimal, as Enlight is capitalizing on Israel's electricity market deregulation that now enables large consumers to establish direct supply agreements with power producers. As owner of "the largest portfolio of renewable energy assets in Israel," Enlight has positioned itself perfectly to leverage this market transition.
The economics are compelling for both parties. Vishay will "save millions of dollars on their electricity bills" while reducing emissions equivalent to planting 740,000 trees annually or removing 17,000 fuel-powered vehicles from the road. This demonstrates the dual competitive advantage of renewable energy - simultaneously delivering cost savings and environmental benefits. Such win-win economics suggests Enlight's expansion potential extends well beyond this single agreement.
Enlight secures $105M in predictable revenue over 12 years with growth options, significantly strengthening recurring revenue streams and market position.
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The deal represents excellent execution of Enlight's business strategy - securing stable, predictable cash flows from creditworthy industrial customers. This approach creates a resilient revenue foundation that should reduce earnings volatility while supporting sustained growth.
Particularly impressive is Enlight's customer acquisition momentum. The company has recently signed agreements with multiple high-profile Israeli organizations across diverse sectors - technology (Amdocs, Applied Materials), retail (Big Shopping Centers), scientific research (Weizmann Institute), and now electronics manufacturing (Vishay). This sector diversification effectively minimizes concentration risk.
The economic structure is revealing: Vishay expects to save "millions of dollars" on electricity costs, indicating Enlight can price competitively while maintaining adequate margins. This pricing power stems from Enlight's scale advantages as owner of "the largest portfolio of renewable energy assets in Israel."
For investors, this agreement confirms Enlight's competitive moat in Israel's deregulated electricity market and demonstrates the company's ability to convert market position into long-term contracted revenue. The environmental benefits (equivalent to planting 740,000 trees annually) further strengthen Enlight's value proposition to potential customers, suggesting continued growth in its contract portfolio.
Enlight continues to drive the transition of the Israeli economy to renewable energy
TEL AVIV, Israel, April 22, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”, "the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced that it has signed an agreement with Vishay Israel Ltd. for the supply of electricity valued at approximately
Vishay joins other leading entities in Israel that have signed clean electricity supply agreements with Enlight in recent months, including the Weizmann Institute of Science, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream, and Applied Materials.
Enlight, which owns the largest portfolio of renewable energy assets in Israel, is leading the transition of the country’s economy to clean power following the electricity market’s deregulation, which allows large consumers to enter into direct supply agreements with power producers.
The agreement with Enlight will help Vishay, one of the world's largest manufacturers of discrete semiconductors and passive electronic components, to significantly reduce its electricity costs Israel. In addition, the related reduction in emissions will be equivalent to planting approximately 740,000 new trees per year or removing about 17,000 fuel-powered vehicles from the road each year.
Gilad Peled, CEO of Enlight MENA, commented, “Enlight congratulates Vishay, one of the largest electronic component manufacturers in the world, on its decision to switch its plants in Israel to clean and environmentally friendly energy. This deal follows a series of agreements we have reached with some of the highest-quality companies in Israel. These firms have chosen to lead on environmental responsibility, and are an example to the entire economy. In addition to its environmental benefits, the agreement with Enlight will allow Vishay's plants in Israel to save millions of dollars on their electricity bills, and serves as another example of how renewable energy increases competition and reduces power costs in Israel.”
Boaz Bazak, Director of IEHS, Vishay Israel, commented, “The agreement marks a significant step in our ongoing commitment to sustainability and energy efficiency. This partnership will provide our manufacturing facilities with clean, reliable energy at lower rates, enhancing our operational efficiency and reducing our environmental impact. It aligns perfectly with our mission to promote sustainability and reduce our carbon footprint. By securing renewable electricity at a discounted price, we can continue to grow while supporting global efforts to combat climate change.”
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 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.
About Vishay Intertechnology
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.
Contacts:
Yonah Weisz
Director IR
investors@enlightenergy.co.il
Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
+1 617 542 6180
investors@enlightenergy.co.il
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FAQ
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