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Enlight Renewable Energy Ltd. (ENLT) is a prominent global player in the renewable energy sector, focusing on the development, financing, construction, ownership, and operation of utility-scale renewable energy projects. Established in 2008, the company has a diversified portfolio spanning the three largest renewable segments: solar, wind, and energy storage. Enlight operates in the United States, Israel, and nine European countries, providing clean energy solutions to millions of people.
Recently, Enlight announced a significant project under its subsidiary Clenera Holdings LLC, named Country Acres Clean Power LLC. This project, located in Placer County, California, includes a power purchase agreement with the Sacramento Municipal Utility District (SMUD) and is set to deliver 392 MWdc/344 MWac of solar energy and 688 MWh of energy storage. The project aims to provide zero-carbon electricity to approximately 80,000 homes annually and features an agrivoltaic pilot program to benefit surrounding agricultural activities.
Additionally, Enlight is involved in the construction of a new wind farm in Serbia through a financing package worth $101 million approved by the European Bank for Reconstruction and Development (EBRD) and Erste Group Bank AG. This wind farm, named after the Serbian scientist Mihajlo Pupin, will have a capacity of 94 MW and is expected to supply clean electricity to over 40,000 households once operational in the second half of 2025.
Enlight's recent achievements also include Clenera's leadership transition, set to take place in mid-2024, where Adam Pishl will assume the role of CEO, ensuring continued growth and stability in the company's U.S. operations. Enlight's strong market presence is backed by its strategic collaborations, robust financial condition, and a vision to expand its high-quality pipeline of renewable projects globally.
For more details, visit Enlight Renewable Energy Ltd.
Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) announced its participation in the Credit Suisse Renewables and Utilities Conference in New York City on May 17, 2023. Management will engage in one-on-one and small group meetings with institutional investors during the event. Interested parties can contact a Credit Suisse representative for further details or to arrange meetings.
Founded in 2008, Enlight is dedicated to developing, financing, constructing, owning, and operating utility-scale renewable energy projects across solar, wind, and energy storage sectors. Operating globally, Enlight has a presence in the U.S., Israel, and nine European countries, and it was listed on the Tel Aviv Stock Exchange in 2010 and completed its U.S. IPO in 2023.
Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) announced details for its First Quarter 2023 financial results conference call, scheduled for May 11, 2023, at 8:00 a.m. ET. The call will include management’s remarks and a question-and-answer session. Participants can join via a pre-registered conference call or a webcast. The financial results and an investor presentation will be available on the company's website prior to the call. Enlight specializes in developing and managing utility-scale renewable energy projects and operates in the US, Israel, and nine European countries. After completing its US IPO in 2023, the company aims to strengthen its position in the renewable energy market.
Enlight Renewable Energy Ltd. (NASDAQ: ENLT) reported record financial results for the year ended December 31, 2022, with revenue soaring 88% to $192 million and Adjusted EBITDA climbing 96% to $130 million. The company brought over 800 MW online and expanded its Mature Project portfolio by 0.9 GW, totaling 4.5 GW of generation and 2.7 GWh of energy storage. For 2023, guidance indicates revenue between $290 million and $300 million, reflecting a 54% increase over 2022, alongside Adjusted EBITDA expectations of $188 million to $198 million. The company is poised for significant growth, targeting 1.5 GW annual project additions from 2026, backed by supportive regulatory frameworks.
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