Enlight Renewable Energy Starts Atrisco Solar Project Operations
Ticker: ENLT · Form: 6-K · Filed: Sep 11, 2024 · CIK: 1922641
Sentiment: bullish
Topics: operations-start, renewable-energy, solar, energy-storage
TL;DR
Enlight Renewable Energy is now generating power from its Atrisco Solar and Energy Storage project.
AI Summary
Enlight Renewable Energy Ltd. announced the gradual start of commercial operations at its Atrisco Solar and Energy Storage project on September 11, 2024. This project is owned by the company through its subsidiary, Clenera Holdings LLC.
Why It Matters
This marks a step forward in Enlight's renewable energy generation capacity, contributing to its overall business growth and the transition to cleaner energy sources.
Risk Assessment
Risk Level: low — The filing is an operational update and does not contain significant financial or strategic risks.
Key Players & Entities
- Enlight Renewable Energy Ltd. (company) — Registrant
- Atrisco Solar and Energy Storage project (project) — Project commencing operations
- Clenera Holdings LLC (company) — Subsidiary owning the project
- September 11, 2024 (date) — Date of announcement and start of operations
FAQ
What is the significance of the Atrisco Solar and Energy Storage project?
The Atrisco Solar and Energy Storage project is a significant asset for Enlight Renewable Energy Ltd., marking the initial start of its commercial operations.
When did the commercial operations at the Atrisco project begin?
The announcement states the initial start of commercial operations at the Atrisco Solar and Energy Storage complex.
Which subsidiary of Enlight Renewable Energy owns the Atrisco project?
The Atrisco Solar and Energy Storage complex is owned by Enlight Renewable Energy Ltd. through its subsidiary, Clenera Holdings LLC.
What type of renewable energy project is Atrisco?
The filing describes the Atrisco project as a Solar and Energy Storage complex.
Is this a full or gradual start of operations for the Atrisco project?
The filing specifies an 'initial start of commercial operations,' indicating a gradual commencement.
Filing Stats: 1,902 words · 8 min read · ~6 pages · Grade level 20 · Accepted 2024-09-11 06:01:50
Key Financial Figures
- $827 million — co Project was built at a total cost of $827 million and total Project cost net of tax equit
- $407 m — total Project cost net of tax equity of $407 million1, and is expected to generate rev
- $51 — and is expected to generate revenues of $51-55 million and EBITDA 2 of $41-45 milli
- $41 — enues of $51-55 million and EBITDA 2 of $41-45 million in the first full year of op
Filing Documents
- zk2432030.htm (6-K) — 24KB
- exhibit_99-1.htm (EX-99.1) — 16KB
- 0001178913-24-003039.txt ( ) — 41KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Enlight Renewable Energy Ltd. Date: September 11, 2024 By: /s/ Nir Yehuda Nir Yehuda Chief Financial Officer