Enlight Renewable Energy's Genesis Wind Commenced Commercial Operations in Israel
Portfolio Pulse from Benzinga Newsdesk
Enlight Renewable Energy (NASDAQ:ENLT) has commenced commercial operations at Genesis Wind, the largest renewable energy project in Israel. The project, which was connected to Israel's electricity grid in June 2023, began selling electricity on October 13. Initially, 34 of the project's 39 turbines are operational, with the remaining five expected to be operational after final tests. The project is expected to generate revenues of approximately $49-51 million and EBITDA of approximately $39-41 million in the first full year of operation.
October 16, 2023 | 10:04 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Enlight Renewable Energy's Genesis Wind project has started commercial operations, which is expected to generate significant revenues and EBITDA in its first year of operation. This could potentially boost the company's financial performance.
The commencement of commercial operations at Genesis Wind is a significant milestone for Enlight Renewable Energy. The project is expected to generate substantial revenues and EBITDA in its first year, which could positively impact the company's financial performance and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100