Enlight Renewable Energy Secures $310 Million for Gecama Project Hybridization

Enlight Renewable Energy ( (IL:ENLT) ) has shared an update.

Enlight Renewable Energy Ltd. announced the financial close for the hybridization of the Gecama Project in Spain, involving a euro-denominated refinancing agreement of approximately $310 million. The project includes the construction of a 225 MW photovoltaic and 220 MWh battery energy storage facility alongside the existing 329 MW wind farm, enhancing the total capacity to 554 MW and 220 MWh. The hybrid project is expected to commence operations in the second half of 2026, significantly boosting annual revenues and EBITDA. The financing, structured with a fixed interest rate of 5.1%, is set to mature in 2045 and 2046, with a portion allocated to the hybrid project’s construction costs.

The most recent analyst rating on (IL:ENLT) stock is a Buy with a ILs23.00 price target. To see the full list of analyst forecasts on Enlight Renewable Energy stock, see the IL:ENLT Stock Forecast page.

More about Enlight Renewable Energy

Enlight Renewable Energy Ltd. operates in the renewable energy industry, focusing on the development, construction, and operation of wind, solar, and energy storage projects. The company is involved in projects primarily in Europe and Israel, aiming to expand its portfolio of renewable energy solutions.

Average Trading Volume: 328,678

Current Market Cap: ILs8.19B

For a thorough assessment of ENLT stock, go to TipRanks’ Stock Analysis page.