Enlight inks 1st corp PPA in Israel with software huge Amdocs

• Israeli renewables designer Enlight Renewable Energy Ltd (TLV: ENLT, NASDAQ: ENLT) has inked an agreement to supply power to a new office campus people software company Amdocs (NASDAQ: DOX).

The 12-year contract, which notes Enlight's first corporate power purchase agreement (PPA), will certainly cover 100% of the power need of the Amdocs Park in Ra'anana, central Israel, that covers dozens of acres, a press release claimed on Monday.

The electricity to be delivered to Amdocs' complex will certainly be sourced from Enlight's solar as well as storage centers currently unfinished in Israel. Further details were not provided.

"We have gone into a new era in Israel of solar generation, storage, and also electricity supply through corporate PPAs to huge customers. This change has actually occurred thanks to the de-regulation process of the Israeli Electricity Authority," stated Enlight's CEO Gilad Yavetz.

Enlight, developed in 2008, creates utility-scale renewable energy projects and also runs throughout the United States, Israel and 9 European nations.