Enlight secures 300 MW of energy storage in Israeli tender

Published: Feb 21, 2025 18:14

Save

Israeli renewable energy developer Enlight Renewable Energy Ltd (TLV:ENLT) has successfully secured two energy storage projects totalling 300 MW in the first availability rate tender by the Israel Electricity Authority (IEA). Enlight said on Monday that the installed cost of the battery energy storage system (BESS) will be between USD210 million and USD250 million, depending on the final capacity.
The award grants Enlight 20% of the total allocated capacity in the competitive bidding process. Enlight will supply power at available tariffs for five years, after which it will be able to sell power to the deregulated market. At the end of the period, the company will also have the right to expand the facility's storage capacity to 1,900 megawatt-hours (MWh), up from the 1,300 MWh currently planned.
Located in southern Israel, the Neot Smadar and Ohad facilities are scheduled to commence commercial operations in 2028. Enlight expects these assets will generate annual revenues of $75-85 million during their operational lifespan, with anticipated EBITDA ranging from $37 million to $42 million.
Enlight currently plans to launch approximately 8 GWh of mature energy storage projects by 2027. Its global BESS development pipeline totals approximately 25 GWh, of which 6 GWh is located in Israel.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

16 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

16 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

16 hours ago