Enlight to purchase 90 per cent stake in Clenera

Enlight Renewable Energy has signed a formal deal for acquiring a stake in Clenera, a solar and storage company in the US, for up to $433 million. Enlight will buy 90 per cent of Clenera’s shares through a subsidiary in the US, while the founders will keep 10 per cent. Of the transaction price, $158 million will be used for upfront payments and future performance-based incentives.

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