Enlight Renewable Energy
Full Text
אנלייט אנרגיה מתחדשת בע"מ
Head office: 13 Ha'amal St., Afek Industrial Park, P.O. Box 11659 Rosh Ha'ayin 4809249, ,Israel. Tel.: +972 3 9008700
A publicly traded Israeli company specializing in the development, design, construction, financing and operation of renewable energy projects.
The company has several renewable energy projects in the occupied Syrian Golan.
Ruach Beresheet Wind Energy Project
Through its subsidiary, Ruach Beresheet L.P., Enlight is the majority owner of the Ruach Beresheet (Wind of Genesis) wind farm in the occupied Syrian Golan, the largest Israeli renewable energy project to exist on both sides of the Green Line so far.
The wind farm is located in Tel el Farass area in the southeast of the Syrian Golan and was established by the company in partnership with the settlements of Yonatan, Alonei HaBashan, Ramat Magshimim, Mevo Hama, Natur, Kanaf, Avnei Eitan and Ma'ale Gamla, which together own 10% of the project.
The wind farm features 39 wind turbines with an installed capacity of 207 MW. It is expected to provide electricity to 70,000 households and generate an annual revenue of NIS 192 million under a 20-year agreement with the Israel Electric Corporation. The project also includes the construction and expansion of 35 km of roads and a high-voltage line that will include optical fibers that will be spread across the Golan and will enable high-speed Internet for the settlements in the area.
The 39 wind turbines at the farm were provided by General Electric, which is also responsible for the production, supply, transportation, hoisting, and running of the turbines on site.
The project was built by Minrav and Nextcom which carried out the planning and execution of the electrical, communication and civil engineering infrastructure, including the turbine foundations, paving roads and crane surfaces for the project.
The establishment of the Ruach Beresheet project was financed by a consortium led by Hapoalim Bank in partnership with Migdal Insurance and Financial Holdings Ltd. in the amount of NIS 1.05 billion out of an estimated cost of NIS 1.25 billion.
In June 2023, Enlight energized the first wind turbines at the wind farm.
Emek Habacha Wind Project
Through its subsidiary, Emek HaBacha Wind Energy Ltd., Enlight holds 40.85% of the Emek Habacha wind project in the northern Syrian Golan.
The wind project features 34 wind turbines with an installed capacity of 109 MW and is expected to generate power for 40,000 Israeli households with an annual revenue of NIS 105-145 million in electricity payments.
The wind turbines in the farm are made by US-based company General Electric (NYSE: GE), which also employs electrical engineers and field Technicians on the wind farm which provide maintenance services, management and training of subcontractors, purchase orders and work with suppliers, equipment ordering and inventory management.
The 34 wind turbines in the farm are made by General Electric, which also employs electrical engineers and field Technicians on the site. which provide maintenance services, management and training of subcontractors, purchase orders and work with suppliers, equipment ordering and inventory management.
The project was financed by a consortium led by Hapoalim Bank, and became operational in March 2022.
Additional Projects
Enlight’s subsidiary, Enlight-Kidmat Zvi LP, operates a solar project in the settlement of Kidmat Tzvi in the Syrian Golan. Enlight’s other subsidiary, Peirot HaGolan - Enlight L.P., operates a 1.5 MW solar field in the settlement of Merom Golan in the Syrian Golan.
In addition, Enlight has six installed PV systems built on water infrastructure in the Syrian Golan in partnership with Mei Golan Water Corporation, owned by 27 settlements in the Golan.
Additionally, in January 2022, the company was selected to participate in a pilot program launched by the Ministry of Energy and the Ministry of Agriculture & Rural Development to examine the feasibility of the dual use of agricultural land for electricity generation from solar energy. As part of the project, Enlight was selected to develop agro-voltaic facilities in settlement of Carmel in the occupied West Bank and in the settlements of Ramat Magshimim and Merom Golan in the Syrian Golan.
In 2023, the company was selected by the pilot program to develop four additional facilities in the settlements of Ramat Magshimim and Merom Golan in the occupied Syrian Golan.
Renewable Energy Projects in the Naqab
The company owns 90% in Eshkol Havetzelet-Halutziot solar field in the Naqab region. The 55MW solar field spreads over 1000 dunam of land.
As part of the Ministry of Energy and the Ministry of Agriculture and Rural Development’s 2022 pilot program for the construction of dual-use solar facilities on active agricultural lands, between January 2022 and March 2023, the construction of 42 pilot facilities on agricultural land in the Naqab was approved. These facilities take up a total of 431.5 dunams and have the total capacity of 35.641 MW. Enlight was granted six pilot projects.
A publicly traded Israeli company specializing in the development, design, construction, financing and operation of renewable energy projects.
The company has several renewable energy projects in the occupied Syrian Golan.
Ruach Beresheet Wind Energy Project
Through its subsidiary, Ruach Beresheet L.P., Enlight is the majority owner of the Ruach Beresheet (Wind of Genesis) wind farm in the occupied Syrian Golan, the largest Israeli renewable energy project to exist on both sides of the Green Line so far.
The wind farm is located in Tel el Farass area in the southeast of the Syrian Golan and was established by the company in partnership with the settlements of Yonatan, Alonei HaBashan, Ramat Magshimim, Mevo Hama, Natur, Kanaf, Avnei Eitan and Ma'ale Gamla, which together own 10% of the project.
The wind farm features 39 wind turbines with an installed capacity of 207 MW. It is expected to provide electricity to 70,000 households and generate an annual revenue of NIS 192 million under a 20-year agreement with the Israel Electric Corporation. The project also includes the construction and expansion of 35 km of roads and a high-voltage line that will include optical fibers that will be spread across the Golan and will enable high-speed Internet for the settlements in the area.
The 39 wind turbines at the farm were provided by General Electric, which is also responsible for the production, supply, transportation, hoisting, and running of the turbines on site.
The project was built by Minrav and Nextcom which carried out the planning and execution of the electrical, communication and civil engineering infrastructure, including the turbine foundations, paving roads and crane surfaces for the project.
The establishment of the Ruach Beresheet project was financed by a consortium led by Hapoalim Bank in partnership with Migdal Insurance and Financial Holdings Ltd. in the amount of NIS 1.05 billion out of an estimated cost of NIS 1.25 billion.
In June 2023, Enlight energized the first wind turbines at the wind farm.
Emek Habacha Wind Project
Through its subsidiary, Emek HaBacha Wind Energy Ltd., Enlight holds 40.85% of the Emek Habacha wind project in the northern Syrian Golan.
The wind project features 34 wind turbines with an installed capacity of 109 MW and is expected to generate power for 40,000 Israeli households with an annual revenue of NIS 105-145 million in electricity payments.
The wind turbines in the farm are made by US-based company General Electric (NYSE: GE), which also employs electrical engineers and field Technicians on the wind farm which provide maintenance services, management and training of subcontractors, purchase orders and work with suppliers, equipment ordering and inventory management.
The 34 wind turbines in the farm are made by General Electric, which also employs electrical engineers and field Technicians on the site. which provide maintenance services, management and training of subcontractors, purchase orders and work with suppliers, equipment ordering and inventory management.
The project was financed by a consortium led by Hapoalim Bank, and became operational in March 2022.
Additional Projects
Enlight’s subsidiary, Enlight-Kidmat Zvi LP, operates a solar project in the settlement of Kidmat Tzvi in the Syrian Golan. Enlight’s other subsidiary, Peirot HaGolan - Enlight L.P., operates a 1.5 MW solar field in the settlement of Merom Golan in the Syrian Golan.
In addition, Enlight has six installed PV systems built on water infrastructure in the Syrian Golan in partnership with Mei Golan Water Corporation, owned by 27 settlements in the Golan.
Additionally, in January 2022, the company was selected to participate in a pilot program launched by the Ministry of Energy and the Ministry of Agriculture & Rural Development to examine the feasibility of the dual use of agricultural land for electricity generation from solar energy. As part of the project, Enlight was selected to develop agro-voltaic facilities in settlement of Carmel in the occupied West Bank and in the settlements of Ramat Magshimim and Merom Golan in the Syrian Golan.
In 2023, the company was selected by the pilot program to develop four additional facilities in the settlements of Ramat Magshimim and Merom Golan in the occupied Syrian Golan.
Renewable Energy Projects in the Naqab
The company owns 90% in Eshkol Havetzelet-Halutziot solar field in the Naqab region. The 55MW solar field spreads over 1000 dunam of land.
As part of the Ministry of Energy and the Ministry of Agriculture and Rural Development’s 2022 pilot program for the construction of dual-use solar facilities on active agricultural lands, between January 2022 and March 2023, the construction of 42 pilot facilities on agricultural land in the Naqab was approved. These facilities take up a total of 431.5 dunams and have the total capacity of 35.641 MW. Enlight was granted six pilot projects.
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Enlight Renewable Energy
אנלייט אנרגיה מתחדשת בע"מ
Head office: 13 Ha'amal St., Afek Industrial Park, P.O. Box 11659 Rosh Ha'ayin 4809249, ,Israel.
Tel.: +972 3 9008700
A publicly traded Israeli company specializing in the development, design, construction, financing and operation of renewable energy projects.
The company has several renewable energy projects in the occupied Syrian Golan.
Ruach Beresheet Wind Energy Project
Through its subsidiary, Ruach Beresheet L.P., Enlight is the majority owner of the Ruach Beresheet (Wind of Genesis) wind farm in the occupied Syrian Golan, the largest Israeli renewable energy project to exist on both sides of the Green Line so far.
The wind farm is located in Tel el Farass area in the southeast of the Syrian Golan and was established by the company in partnership with the settlements of Yonatan, Alonei HaBashan, Ramat Magshimim, Mevo Hama, Natur, Kanaf, Avnei Eitan and Ma'ale Gamla, which together own 10% of the project.
The wind farm features 39 wind turbines with an installed capacity of 207 MW. It is expected to provide electricity to 70,000 households and generate an annual revenue of NIS 192 million under a 20-year agreement with the Israel Electric Corporation. The project also includes the construction and expansion of 35 km of roads and a high-voltage line that will include optical fibers that will be spread across the Golan and will enable high-speed Internet for the settlements in the area.
The 39 wind turbines at the farm were provided by General Electric, which is also responsible for the production, supply, transportation, hoisting, and running of the turbines on site.
The project was built by Minrav and Nextcom which carried out the planning and execution of the electrical, communication and civil engineering infrastructure, including the turbine foundations, paving roads and crane surfaces for the project.
The establishment of the Ruach Beresheet project was financed by a consortium led by Hapoalim Bank in partnership with Migdal Insurance and Financial Holdings Ltd. in the amount of NIS 1.05 billion out of an estimated cost of NIS 1.25 billion.
In June 2023, Enlight energized the first wind turbines at the wind farm.
Emek Habacha Wind Project
Through its subsidiary, Emek HaBacha Wind Energy Ltd., Enlight holds 40.85% of the Emek Habacha wind project in the northern Syrian Golan.
The wind project features 34 wind turbines with an installed capacity of 109 MW and is expected to generate power for 40,000 Israeli households with an annual revenue of NIS 105-145 million in electricity payments.
The wind turbines in the farm are made by US-based company General Electric (NYSE: GE), which also employs electrical engineers and field Technicians on the wind farm which provide maintenance services, management and training of subcontractors, purchase orders and work with suppliers, equipment ordering and inventory management.
The 34 wind turbines in the farm are made by General Electric, which also employs electrical engineers and field Technicians on the site. which provide maintenance services, management and training of subcontractors, purchase orders and work with suppliers, equipment ordering and inventory management.
The project was financed by a consortium led by Hapoalim Bank, and became operational in March 2022.
Additional Projects
Enlight’s subsidiary, Enlight-Kidmat Zvi LP, operates a solar project in the settlement of Kidmat Tzvi in the Syrian Golan. Enlight’s other subsidiary, Peirot HaGolan - Enlight L.P., operates a 1.5 MW solar field in the settlement of Merom Golan in the Syrian Golan.
In addition, Enlight has six installed PV systems built on water infrastructure in the Syrian Golan in partnership with Mei Golan Water Corporation, owned by 27 settlements in the Golan.
Additionally, in January 2022, the company was selected to participate in a pilot program launched by the Ministry of Energy and the Ministry of Agriculture & Rural Development to examine the feasibility of the dual use of agricultural land for electricity generation from solar energy. As part of the project, Enlight was selected to develop agro-voltaic facilities in settlement of Carmel in the occupied West Bank and in the settlements of Ramat Magshimim and Merom Golan in the Syrian Golan.
In 2023, the company was selected by the pilot program to develop four additional facilities in the settlements of Ramat Magshimim and Merom Golan in the occupied Syrian Golan.
Renewable Energy Projects in the Naqab
The company owns 90% in Eshkol Havetzelet-Halutziot solar field in the Naqab region. The 55MW solar field spreads over 1000 dunam of land.
As part of the Ministry of Energy and the Ministry of Agriculture and Rural Development’s 2022 pilot program for the construction of dual-use solar facilities on active agricultural lands, between January 2022 and March 2023, the construction of 42 pilot facilities on agricultural land in the Naqab was approved. These facilities take up a total of 431.5 dunams and have the total capacity of 35.641 MW. Enlight was granted six pilot projects.
Ownership
The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol ENLT.
Major shareholders include Meitav Investment House Ltd. (9.77%), Migdal Insurance and Financial Holdings (8.98%), The Phoenix Holdings Ltd. (7%), Harel Insurance Investments & Financial Services Ltd. (6.82%), Clal Insurance Enterprises Holdings Ltd. (5.12%), Menora Mivtachim Holdings Ltd. (5.1%), Exellence Investments Ltd. (1.59%).
CEO & Director: Gilad Yavetz.
Chairman of the board: Yair Seroussi.
Subsidiaries
Enlight - Eshkol Havatzelet L.P. (100%), Tlamim Enlight L.P. (100%), Mivtachim Green Energies Ltd. (100%), Talmei Bilu Green Energies Ltd. (100%), Eshkol Ela - Kramim - Enlight L.P. (100%), Eshkol Brosh - Idan - Enlight L.P. (100%), Eshkol Zayit - Zayit Yarok - Enlight L.P. (100%), Sde Nehemia - Enlight L.P. (100%), Enlight Beit Shikma L.P. (100%), , Rabba ACDC KFT (100%), Clenera holdings LLC (90.1%), Orsol Energy 3 (A.A.) L.P. (90%), Eshkol Havatzelet - Halutziot - Enlight L.P. (89.99%), Enlight Kramim L.P. (74%), Enlight Kidmat Zvi L.P. (74%), Enlight Beit HaShita Solar Energy, L.P. (74%), Ruach Beresheet L.P. (54%), Enlight Sde Nitzan L.P. (74%), Enlight Ein Habesor L.P. Israel (74%), Generacion Eolica Castilla La Mancha Sl (72%), Vindpark Malarberget I Norberg AB (68.8%), Björnberget Vindkraft AB (R) (55.18%), Eshkol Gefen - Barbur - Enlight L.P., (51%), Peirot HaGolan - Enlight L.P. (51%), Enlight Maccabi L.P. (50.1%), Enlight - Eshkol Dekel L.P. (50.1%), Tullynamoyle Wind Farm 3 Limited Ireland (50.1%), Vjetroelektrana Lukovac d.o.o Croatia (50.1%), EW-K-Wind d.o.o (50.1%), Megujulohaz kft (50.1%), Raaba Green kft Hungary (50.1%), SOWI Kosovo LLC (48%), Emek HaBacha Wind Energy Ltd. (40.85%).
Partners
SodaStream, General Electric, Nextcom Group, Minrav Group, The Phoenix Holdings Ltd., Menora Mivtachim Holdings Ltd. , NewMed Energy, Hapoalim Bank, Migdal Insurance and Financial Holdings Ltd.
* This section refers to the company's general business partners