Enlight Renewable Energy has won Israel’s inaugural land tender for establishing a combined solar and battery storage facility at the Rotem site in the Negev Desert. This follows a recent tender win in the United States, further strengthening Enlight’s portfolio and leadership in both markets.
Enlight Wins Landmark Israel Renewable Energy Tender
Enlight Renewable Energy Ltd. (Nasdaq: ENLT) has secured a significant victory by winning Israel’s first land tender for a combined solar and battery storage facility. The project, located at the Rotem site in the Negev Desert, is expected to have a capacity of around 250 megawatts (MW) of solar energy and 1,000 megawatt-hours (MWh) of battery energy storage.
This marks another major achievement for Enlight, following a recent tender win in the United States. The company is rapidly expanding its portfolio in both its domestic market and internationally, solidifying its position as a leading renewable energy developer.
First-of-Its-Kind Israel Renewable Energy Tender
The Rotem tender is the first of its kind in Israel, combining land allocation with a production quota for solar energy and battery storage. Enlight’s winning bid proposes a 230 MW solar facility with 920 MWh of battery energy storage. The company will pay an annual rent of NIS 3.8 million (approximately $1 million) for the land, which covers an area of 3,500 dunams (about 865 acres).
This project is part of Israel’s broader strategy to increase its renewable energy capacity. The Ministry of Energy and the Israel Land Authority have announced that additional tenders for similar projects will be issued in the coming years, with the goal of reaching 30% renewable energy by 2030. The Rotem project alone is expected to contribute significantly to this target, providing clean energy to thousands of homes once it becomes operational. For more context on Enlight’s expansion in Israel, visit their recent Gaza border solar storage initiative.
Enlight’s Growing Global Israel Renewable Energy Portfolio
Enlight’s success in the Rotem tender is a testament to its growing expertise and reputation in the renewable energy sector. The company has been expanding its portfolio both in Israel and internationally, with projects in the United States, Europe, and other regions. Enlight recently secured a major tender in the United States, where it will develop a large-scale solar and battery storage facility, further diversifying its energy assets.
The company currently manages a portfolio of over 21 gigawatts (GW) of renewable energy projects across various stages of development. These projects include solar, wind, and battery storage facilities, reflecting Enlight’s commitment to a diverse and sustainable energy mix. For instance, Enlight has also commenced operations at a 60-megawatt solar PV plant in Hungary, showcasing their international reach (source).
Strategic Importance of the Rotem Israel Renewable Energy Project
The Rotem project is particularly significant for Enlight, as it combines advanced solar technology with large-scale energy storage. This combination will enable the company to provide a stable and reliable supply of renewable energy, even during periods of low sunlight. The battery storage component will store excess solar energy generated during the day, releasing it during peak demand periods or at night, thereby enhancing the grid’s stability and resilience.
Enlight’s CEO, Gilad Yavetz, expressed his satisfaction with the tender win, stating that the Rotem project is a crucial step in the company’s growth strategy. He emphasized the importance of integrating renewable energy with storage solutions, which are essential for meeting the increasing demand for clean energy worldwide.
Future Prospects for Israel Renewable Energy Expansion
As Enlight continues to expand its global footprint, the company is well-positioned to play a significant role in the transition to renewable energy. The Rotem project is just one of many initiatives that Enlight is pursuing to help countries achieve their renewable energy targets. With its extensive experience and innovative approach, Enlight is set to remain at the forefront of the renewable energy industry, driving the shift towards a more sustainable future.
Enlight’s success in the Rotem tender underscores the company’s leadership in the renewable energy sector and its ability to adapt to the evolving energy landscape. As the world moves towards a greener future, companies like Enlight will be instrumental in shaping the energy systems of tomorrow, ensuring that clean, reliable, and affordable energy is accessible to all.
