Enlight Renewable Energy
Encyclopedia
Enlight Renewable Energy is a publicly traded company, headquartered in Israel
, that builds and operates solar and wind power facilities. Its shares are traded on the Tel Aviv Stock Exchange
.
In August 2011 Enlight entered into agreements with six communities in the Golan Heights to construct wind turbine
s on their land, subject to regulatory approval and clearance from Israel's Ministry of Defense.
company, capable of operating in all four areas of the energy production chain so as to reduce licensing timeframes and generate higher returns on investments. The first of the four areas is the initiation stage, which involves locating suitable land or rooftops and entering into agreements with the owners; the second is the development and planning stage, which involves planning the facility and obtaining regulatory clearance; the third is the financing and installation stage, which involves financing the project and connecting the facility to the electricity grid; the fourth and last is the electricity sale, operation and maintenance stage, which involves selling the electricity produced and managing the facility.
's Eurocom Group, subsequently changed its name to Enlight Renewable Energy Ltd.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
, that builds and operates solar and wind power facilities. Its shares are traded on the Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange in Tel Aviv is Israel's only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Israeli economy....
.
Operations
Enlight Renewable Energy operates in the renewable energy industry as a developer and operator of solar and wind power facilities. It owns rights to photovoltaic facilities in Israel and Italy. Enlight is a subsidiary of Eurocom Group, which owns 43.48% of the company.Italy
In November 2010 Enlight signed agreements with two Italian companies for the establishment of Italy-based SPVs to lead the development of solar energy farms and rooftop solar energy projects in Italy.Israel
In January 2011 Enlight won a state tender to install photovoltaic panels above the roofs of buildings on Israeli military bases.In August 2011 Enlight entered into agreements with six communities in the Golan Heights to construct wind turbine
Wind turbine
A wind turbine is a device that converts kinetic energy from the wind into mechanical energy. If the mechanical energy is used to produce electricity, the device may be called a wind generator or wind charger. If the mechanical energy is used to drive machinery, such as for grinding grain or...
s on their land, subject to regulatory approval and clearance from Israel's Ministry of Defense.
Business model
Enlight describes itself as a vertical integrationVertical integration
In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or service, and the products combine to...
company, capable of operating in all four areas of the energy production chain so as to reduce licensing timeframes and generate higher returns on investments. The first of the four areas is the initiation stage, which involves locating suitable land or rooftops and entering into agreements with the owners; the second is the development and planning stage, which involves planning the facility and obtaining regulatory clearance; the third is the financing and installation stage, which involves financing the project and connecting the facility to the electricity grid; the fourth and last is the electricity sale, operation and maintenance stage, which involves selling the electricity produced and managing the facility.
Corporate history
Enlight Energy joined the Tel Aviv Stock Exchange in June 2010 through a reverse merger with Sahar Investments Ltd. Sahar, which prior to the merger was a shell company belonging to Shaul ElovitchShaul Elovitch
Shaul Elovitch is an Israeli businessman and the owner of Eurocom Group, one of the largest private holding groups in Israel.- Background :Shaul Elovitch was born in 1949 in Poland and made aliyah to Israel when he was two years old. He grew up in Tel Aviv and married at the age of 20...
's Eurocom Group, subsequently changed its name to Enlight Renewable Energy Ltd.
See also
- Clean technologyClean technologyClean technology includes recycling, renewable energy , information technology, green transportation, electric motors, green chemistry, lighting, Greywater, and many other appliances that are now more energy efficient. It is a means to create electricity and fuels, with a smaller environmental...
- Renewable energyRenewable energyRenewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
- Sustainable energySustainable energySustainable energy is the provision of energy that meets the needs of the present without compromising the ability of future generations to meet their needs. Sustainable energy sources include all renewable energy sources, such as hydroelectricity, solar energy, wind energy, wave power, geothermal...
- List of companies of Israel
- List of renewable energy companies by stock exchange