Enlight Renewable secures funding for its wind energy farm in Israel

Enlight Renewable Energy has secured a 525 million shekel ($145 million) funding to set up Israel’s largest wind energy project. The 96 MW project will cost an estimated 660 million shekels. The financing was led by Hapoalim, an Israeli Bank, with the other participants being Harel Insurance and Phoenix Holdings. The project will be developed by Enlight and its partners in Golan Heights, an Israeli-controlled region near the Syrian frontier, over a period of two years. Enlight has signed agreements with General Electric for the supply of wind turbines and the operation of the wind farm for 20 years.

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