Enlight Renewable Energy Announces Successful Launch Of Solar And Storage Projects In Israel And Hungary

Enlight Renewable Energy, a prominent global renewable energy platform, is excited to announce the successful launch of two projects. Firstly, the Sde Nitzan project in Israel officially began commercial operations on August 2nd. Marking a significant milestone, this project represents Israel’s largest combined solar and storage initiative and is Enlight’s inaugural storage project to achieve commercial status.

This venture encompasses 23 MW of solar capacity along with 40 MWh of storage. Additionally, Enlight has unveiled the commencement of operations for ACDC, a 26 MW solar project located in Hungary. Both projects have adhered to their schedules and budgets for commercial implementation.

Gilad Yavetz, CEO of Enlight, expressed the company’s prowess in efficiently developing, constructing, and launching advanced renewable energy projects globally. He emphasized the company’s expanding portfolio in the United States, Europe, and Israel, highlighting their readiness to tap into new opportunities that cater to the growing demand for clean energy solutions.

The Sde Nitzan project plays a pivotal role in Enlight’s PV+ storage cluster, boasting a total solar capacity of 248 MW alongside a storage capacity of 474 MWh. The remaining capacity is anticipated to gradually transition into commercial operations by mid-2024.

As of January 2024, Sde Nitzan will directly sell its electricity to corporate PPA counterparts following the regulatory changes in Israel’s electricity market. Notably, Enlight has recently inked corporate PPAs with key players like Amdocs and SodaStream, a PepsiCo subsidiary.

Furthermore, Project ACDC in Hungary has also achieved its commercial launch. All energy generated by the project will be sold under a PPA linked to the consumer price index for a 15-year duration. This initiative is part of Enlight’s broader portfolio in Hungary, encompassing the operational Attila project with a capacity of 57 MW and the under-construction 60 MW Tapolca project.