Welcome to our dedicated page for Enlight Renewable Energy news (Ticker: ENLT), a resource for investors and traders seeking the latest updates and insights on Enlight Renewable Energy stock.
Enlight Renewable Energy Ltd. (ENLT) is a prominent global player in the renewable energy sector, focusing on the development, financing, construction, ownership, and operation of utility-scale renewable energy projects. Established in 2008, the company has a diversified portfolio spanning the three largest renewable segments: solar, wind, and energy storage. Enlight operates in the United States, Israel, and nine European countries, providing clean energy solutions to millions of people.
Recently, Enlight announced a significant project under its subsidiary Clenera Holdings LLC, named Country Acres Clean Power LLC. This project, located in Placer County, California, includes a power purchase agreement with the Sacramento Municipal Utility District (SMUD) and is set to deliver 392 MWdc/344 MWac of solar energy and 688 MWh of energy storage. The project aims to provide zero-carbon electricity to approximately 80,000 homes annually and features an agrivoltaic pilot program to benefit surrounding agricultural activities.
Additionally, Enlight is involved in the construction of a new wind farm in Serbia through a financing package worth $101 million approved by the European Bank for Reconstruction and Development (EBRD) and Erste Group Bank AG. This wind farm, named after the Serbian scientist Mihajlo Pupin, will have a capacity of 94 MW and is expected to supply clean electricity to over 40,000 households once operational in the second half of 2025.
Enlight's recent achievements also include Clenera's leadership transition, set to take place in mid-2024, where Adam Pishl will assume the role of CEO, ensuring continued growth and stability in the company's U.S. operations. Enlight's strong market presence is backed by its strategic collaborations, robust financial condition, and a vision to expand its high-quality pipeline of renewable projects globally.
For more details, visit Enlight Renewable Energy Ltd.
Enlight Renewable Energy (NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, has announced it will release its financial results for the second quarter ended June 30, 2024, before market open on Wednesday, August 7, 2024. The company will host a conference call and webcast on the same day to review its financial results and business outlook.
Participants can join the conference call by pre-registering or attend via webcast. The press release with financial results and investor presentation materials will be available on the company's website prior to the call. An archived version of the webcast will be accessible on Enlight's investor relations website approximately one hour after the live call concludes.
Enlight Renewable Energy (NASDAQ: ENLT, TASE: ENLT.TA) has released its 2023 Sustainability Report, detailing the company's progress in environmental, social, and governance (ESG) initiatives. The report highlights Enlight's significant contributions, such as preventing 1.4 million tonnes of CO2 equivalent emissions over the past year. The company emphasizes its commitment to advancing renewable energy through wind, solar, and energy storage projects, aiding global efforts to reach Net Zero goals. Enlight remains dedicated to delivering clean, reliable, and cost-effective energy, while ensuring shareholder value and growth.
Enlight Renewable Energy (NASDAQ: ENLT, TASE: ENLT), a global renewable energy platform, announced its participation in two upcoming investor conferences. The company will be present at the JP Morgan Energy, Power and Renewables Conference in New York City on June 17, 2024, and at the Roth MKM London Conference on June 26, 2024. During these events, Enlight's management will engage in one-on-one and small group meetings with institutional investors. Interested parties are encouraged to contact their JP Morgan or Roth MKM sales representatives for more information or to schedule meetings.
Enlight Renewable Energy reported financial results for Q1 2024, with revenue of $90m (up 27% YoY), adjusted EBITDA of $68m (up 28% YoY), net income of $24m (down 26% YoY), and cash flow from operations of $35m (down 36% YoY). The company reaffirmed its full-year 2024 guidance.
Key developments include high generation volumes at wind projects, progress on U.S. projects, financial close for European projects, and strong operational performance. CEO Gilad Yavetz highlighted the robust start to 2024 and positive outlook for the year.
Revenue distribution by segment showed growth in Israel, Central-Eastern Europe, and Western Europe. Net income decreased due to one-off benefits in the previous year, while adjusted EBITDA saw a 28% increase driven by revenue growth.
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