Harel and Amitim to Acquire 44% of a Partnership Holding a Cluster of Enlight Projects Comprising 69 MW Solar Generation and 448 MWh of Energy Storage Capacity

The transaction is based on a valuation of $114 million for the entire Cluster, comprised of a$102 million base and an additional $12 million in deferred consideration upon fulfillment of the conditions of its payment Enlight will recognize a profit of$94 million upon fulfillment of the conditions of the deferred consideration, and will continue to operate and develop projects in the Cluster The partnership provides Harel and Amitim exposure to renewable energy infrastructure, with the potential for high ...