Enlight Expands Hungarian Fleet with 60-MW Solar Park

• Enlight Renewable Energy Ltd shines bright with new 60-MW solar plant in Hungary, powering 30,000 homes and boosting earnings. CEO Gilad Yavetz leads the way in global energy solutions.

Enlight Renewable Energy Ltd has expanded its Hungarian fleet with the launch of a 60-MW solar photovoltaic plant in Tapolca, Hungary. The plant, which started selling electricity on July 31, is expected to generate enough electricity to power approximately 30,000 local homes annually. The project, which cost about USD 48 million, was financed by Raiffeisen Bank and Enlight.

The new solar park is the fifth project for Enlight in Hungary, bringing its total installed power generation capacity in the country to 144 MW. The company expects the Tapolca plant to generate around USD 6 million in revenues in its first year of operation and contribute approximately USD 5 million to its earnings before interest, tax, depreciation, and amortization (EBITDA). CEO Gilad Yavetz highlighted the company's international execution capabilities with projects like Tapolca.

What is the expected revenue and EBITDA contribution of Enlight's new solar plant in Hungary?

• The Tapolca solar plant is expected to generate around USD 6 million in revenues in its first year of operation
  
• The plant is projected to contribute approximately USD 5 million to Enlight's earnings before interest, tax, depreciation, and amortization (EBITDA)
  
• The total cost of the project was about USD 48 million, financed by Raiffeisen Bank and Enlight
  
• This new solar park is the fifth project for Enlight in Hungary, bringing its total installed power generation capacity in the country to 144 MW
• CEO Gilad Yavetz highlighted the company's international execution capabilities with projects like Tapolca