Two Enlight Facilities Win Bids in the Israel Electricity Authority's Energy Storage Tender and the Company Expects to Construct Total Storage Capacity in the Range of 1,300 to 1,900 MWh
Enlight Renewable Energy (NASDAQ: ENLT) has won bids for two energy storage facilities in southern Israel through the Israel Electricity Authority's first availability tariff tender. The facilities, Neot Smadar and Ohad, have a combined grid connection capacity of 300 MW AC, enabling total storage capacity of 1,300 MWh, potentially expanding to 1,900 MWh in the deregulated market.
The projects, expected to be operational by 2028, will require construction costs between $210-250 million and are projected to generate annual revenues of $75-85 million with EBITDA of $37-42 million. These facilities represent 20% of the total capacity awarded in the tender, strengthening Enlight's position in Israel's storage market. The company currently has approximately 8 GWh of mature storage projects set for operation by 2027 and a development portfolio of about 25 GWh, with 6 GWh located in Israel.
Enlight Renewable Energy (NASDAQ: ENLT) ha vinto gare per due impianti di stoccaggio energetico nel sud di Israele attraverso il primo bando per la tariffa di disponibilità dell'Autorità Elettrica di Israele. Gli impianti, Neot Smadar e Ohad, hanno una capacità di connessione alla rete combinata di 300 MW AC, consentendo una capacità totale di stoccaggio di 1.300 MWh, con la possibilità di espandersi a 1.900 MWh nel mercato deregolarizzato.
I progetti, che dovrebbero essere operativi entro il 2028, richiederanno costi di costruzione compresi tra $210-250 milioni e si prevede genereranno ricavi annuali di $75-85 milioni con un EBITDA di $37-42 milioni. Questi impianti rappresentano il 20% della capacità totale assegnata nel bando, rafforzando la posizione di Enlight nel mercato dello stoccaggio in Israele. L'azienda attualmente ha circa 8 GWh di progetti di stoccaggio maturi previsti per il 2027 e un portafoglio di sviluppo di circa 25 GWh, di cui 6 GWh situati in Israele.
Enlight Renewable Energy (NASDAQ: ENLT) ha ganado licitaciones para dos instalaciones de almacenamiento de energía en el sur de Israel a través de la primera licitación de tarifa de disponibilidad de la Autoridad de Electricidad de Israel. Las instalaciones, Neot Smadar y Ohad, tienen una capacidad de conexión a la red combinada de 300 MW AC, lo que permite una capacidad total de almacenamiento de 1,300 MWh, con la posibilidad de expandirse a 1,900 MWh en el mercado desregulado.
Se espera que los proyectos estén operativos para 2028 y requerirán costos de construcción entre $210-250 millones, proyectándose que generen ingresos anuales de $75-85 millones con un EBITDA de $37-42 millones. Estas instalaciones representan el 20% de la capacidad total adjudicada en la licitación, fortaleciendo la posición de Enlight en el mercado de almacenamiento de Israel. La empresa actualmente tiene aproximadamente 8 GWh de proyectos de almacenamiento maduros programados para operar en 2027 y un portafolio de desarrollo de alrededor de 25 GWh, con 6 GWh ubicados en Israel.
Enlight Renewable Energy (NASDAQ: ENLT)는 이스라엘 남부에 두 개의 에너지 저장 시설에 대한 입찰에서 승리하였습니다. 이는 이스라엘 전기청의 첫 번째 가용성 요금 입찰을 통해 이루어진 것입니다. Neot Smadar와 Ohad 시설은 300 MW AC의 결합된 전력망 연결 용량을 가지고 있으며, 총 저장 용량은 1,300 MWh로, 규제되지 않은 시장에서는 1,900 MWh로 확장될 가능성이 있습니다.
2028년까지 운영될 것으로 예상되는 이 프로젝트들은 $210-250 백만의 건설 비용이 필요하며, 연간 수익은 $75-85 백만으로 예상되며 EBITDA는 $37-42 백만으로 예상됩니다. 이 시설들은 입찰에서 할당된 총 용량의 20%를 차지하여 이스라엘의 저장 시장에서 Enlight의 입지를 강화합니다. 현재 이 회사는 2027년까지 운영될 약 8 GWh의 성숙한 저장 프로젝트를 보유하고 있으며, 약 25 GWh의 개발 포트폴리오를 가지고 있고, 이 중 6 GWh는 이스라엘에 위치해 있습니다.
Enlight Renewable Energy (NASDAQ: ENLT) a remporté des appels d'offres pour deux installations de stockage d'énergie dans le sud d'Israël grâce à la première offre de tarif de disponibilité de l'Autorité Électrique d'Israël. Les installations, Neot Smadar et Ohad, ont une capacité de connexion au réseau combinée de 300 MW AC, permettant une capacité de stockage totale de 1.300 MWh, pouvant potentiellement s'étendre à 1.900 MWh sur le marché déréglementé.
Les projets, qui devraient être opérationnels d'ici 2028, nécessiteront des coûts de construction compris entre $210-250 millions et devraient générer des revenus annuels de 75 à 85 millions de dollars avec un EBITDA de 37 à 42 millions de dollars. Ces installations représentent 20 % de la capacité totale attribuée dans l'appel d'offres, renforçant la position d'Enlight sur le marché du stockage en Israël. L'entreprise dispose actuellement d'environ 8 GWh de projets de stockage matures prévus pour 2027 et d'un portefeuille de développement d'environ 25 GWh, dont 6 GWh situés en Israël.
Enlight Renewable Energy (NASDAQ: ENLT) hat Ausschreibungen für zwei Energiespeicheranlagen im Süden Israels gewonnen, und zwar im Rahmen der ersten Verfügbarkeitstarif-Ausschreibung der israelischen Elektrizitätsbehörde. Die Anlagen, Neot Smadar und Ohad, verfügen über eine kombinierte Netzanschlusskapazität von 300 MW AC, was eine Gesamtspeicherkapazität von 1.300 MWh ermöglicht, die im deregulierten Markt auf bis zu 1.900 MWh erweitert werden kann.
Die Projekte, die voraussichtlich bis 2028 in Betrieb genommen werden, erfordern Baukosten zwischen $210-250 Millionen und werden voraussichtlich jährliche Einnahmen von $75-85 Millionen mit einem EBITDA von $37-42 Millionen generieren. Diese Anlagen repräsentieren 20% der insgesamt im Ausschreibungsverfahren vergebenen Kapazität und stärken die Position von Enlight im israelischen Speichermarkt. Das Unternehmen hat derzeit etwa 8 GWh ausgereifter Speicherprojekte, die bis 2027 in Betrieb genommen werden sollen, sowie ein Entwicklungsportfolio von etwa 25 GWh, wobei sich 6 GWh in Israel befinden.
- Won 20% of total capacity in Israel's energy storage tender
- Projects expected to generate $75-85M annual revenue
- Projected annual EBITDA of $37-42M
- Potential to increase storage capacity from 1,300 MWh to 1,900 MWh
- Strong pipeline with 8 GWh of mature projects by 2027
- High construction costs of $210-250M required
- Long timeline to operation (2028)
- Five-year lock-in period before market rate transition
Insights
The successful bid for two energy storage facilities marks a strategic coup for Enlight, securing 20% of Israel's total tender capacity. The projects' financial profile is particularly compelling, with projected EBITDA margins of approximately 49-50%, indicating strong operational efficiency and attractive economics in the energy storage sector.
The tender structure provides a sophisticated dual-phase revenue model: an initial five-year period with guaranteed availability tariffs, followed by the flexibility to participate in the deregulated market. This hybrid approach offers both revenue stability and upside potential, while the option to expand storage capacity from 1,300 MWh to 1,900 MWh provides valuable operational flexibility.
The strategic value extends beyond immediate financial returns. These facilities will enhance Enlight's competitive moat in Israel's energy storage market, where the company uniquely spans both medium and high-voltage storage sectors. With 8 GWh of mature storage projects expected online by 2027 and a development pipeline of 25 GWh, Enlight is positioning itself as a dominant player in the region's energy transition.
The projects' location in southern Israel carries additional strategic significance, addressing grid stability needs in a region important for the country's energy security. The 2028 operational timeline aligns with Israel's renewable energy targets and positions Enlight to capitalize on the expected growth in demand for grid-scale storage solutions.
The Company continues to lead the energy storage sector in Israel, as part of the accelerated development of energy storage systems in Europe and the United States
TEL AVIV, Israel, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”, "the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced today that two of the Company’s energy storage facilities have won bids in the Israel Electricity Authority's first availability tariff tender process. The two sites, Neot Smadar and Ohad, are located in the south of Israel and have a combined grid connection capacity of 300 MW AC.
According to the tender's terms, after supplying power at the availability tariff rate for five years, the Company may transition to selling electricity into the deregulated market as well as increase the facilities’ storage capacity. Securing a grid connection of 300 MW AC will allow Enlight to build projects with a total storage capacity of 1,300 MWh, potentially rising to 1,900 MWh following the transition into the deregulated market. According to the tender's terms, the projects are expected to reach commercial operation by 2028.
The combined construction cost of the two facilities is expected to range between
Enlight has approximately 8 GWh of Mature1 storage projects that are expected to enter into operations by 2027. In addition, the Company has a portfolio of energy storage assets in various stages of development totaling approximately 25 GWh, of which about 6 GWh are located in Israel. The two sites selected in the tender represent
Gilad Peled, CEO of Enlight MENA commented, "Enlight is proud to lead the energy storage revolution in Israel with a significant double win, representing
1 Mature projects are defined as currently operating, under construction, and pre-construction (with construction start within a 0-12 month timeframe).
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.
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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