Enlight Secures Landmark Tender for Renewable Energy in Israel
Enlight's Groundbreaking Achievement in Renewable Energy
TEL AVIV, Israel — Enlight Renewable Energy, a prominent player in the renewable energy sector, recently secured a land tender from the Israel Land Authority (ILA) to establish a cutting-edge integrated data center and renewable energy facility. The project is set to take place on a 50-acre site in Ashalim, southern Israel, and comes with a significant investment of up to $1.1 billion. This initiative highlights Enlight's commitment to advancing data center infrastructure while supporting the national objective of relocating energy-intensive operations to areas rich in renewable energy resources.
The Demand for Data Centers in Israel
Israel has seen an exponential increase in the demand for data centers, yet most capacity is situated within the densely populated central area, where land and power resources are limited. Meeting the energy needs of these data hubs often requires transporting electricity from the more resource-rich southern regions, resulting in high costs. Ashalim offers a strategic advantage for this development, housing Israel's largest renewable energy hub, complete with advanced high-voltage transmission and communication systems.
A Perfect Location for Large-Scale Data Centers
With its robust infrastructure, Ashalim is poised to become a prime location for large-scale data centers that require substantial electricity supplies. Enlight views its recent tender win as a vital advancement for the country, presenting an opportunity for both technological and infrastructural growth.
Integrating Renewable Energy into Data Solutions
In a novel approach, Enlight plans to build a solar generation and energy storage facility adjoining the data center, which will help power its operations while decreasing energy costs. By synergizing these two facilities, the company will tap into its extensive knowledge of energy project development to bolster Israel’s energy transformation efforts. The integrated complex is expected to achieve a capacity of 100 MW AC for hourly consumption, marking a notable milestone in the nation’s energy landscape.
Comments from Leadership
Gilad Peled, the General Manager of Enlight MENA, shared his thoughts on this achievement: "Enlight is at the forefront of merging renewable energy solutions with the expanding data center market. We firmly believe that harnessing renewable energy for powering data centers is essential, both from a national development perspective and for our growth as a developer. This tender victory allows us to utilize our extensive experience in renewable energy to spearhead the establishment of data center infrastructure in southern Israel, driving economic growth while addressing energy production and transmission challenges."
About Enlight Renewable Energy
Founded in 2008, Enlight Renewable Energy specializes in the full lifecycle of utility-scale renewable energy projects. The company is actively engaged in the three primary renewable energy sectors: solar, wind, and energy storage. With a portfolio of 30.2 FGW, including operational projects totaling 3 FGW, Enlight continues to expand its global reach, operating across the United States, Israel, and ten European nations. The company has been listed on the Tel Aviv Stock Exchange since 2010 and made its U.S. IPO debut in 2023. For more information, visit the corporate website.
Contact Information
For inquiries, please reach out to:
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
Frequently Asked Questions
What is Enlight Renewable Energy known for?
Enlight Renewable Energy focuses on developing, financing, and operating utility-scale renewable energy projects across multiple sectors, including solar and wind.
Where will the new integrated facility be located?
The new facility will be built in Ashalim, southern Israel, leveraging the area's renewable energy capabilities.
What is the investment amount for this project?
The investment for developing the integrated data center and renewable energy facility is expected to reach up to $1.1 billion.
Why is the Ashalim region suitable for this project?
Ashalim hosts Israel's largest renewable energy hub, with established high-voltage transmission systems, making it ideal for data centers requiring large energy supplies.
How does this project contribute to Israel's national goals?
This project aims to support the national strategy of relocating major electricity consumers to areas with sustainable energy production, aligning with Israel’s energy transformation efforts.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.