Core Viewpoint - Enlight Renewable Energy has secured approximately $310 million in financing for the Hybridisation of the Gecama Project in Spain, which will integrate solar and energy storage systems at the country's largest wind farm [1][6][11] Financing Details - The financing consists of two tranches: one for refinancing the Gecama Wind Project and another for the construction of the Hybrid Project, both with a fixed interest rate of approximately 5.1% [6][9] - Over $150 million of the secured debt will be allocated to the construction of the Hybrid Project, which has an estimated total cost of $195–205 million [7][8] Project Overview - The Gecama Hybrid Project will have a total capacity of 554 MW and 220 MWh, providing clean electricity continuously at a competitive generation cost [2][11] - Once operational, the project is expected to generate annual revenues of $95–105 million and EBITDA of $75–80 million [5][11] Strategic Importance - The project aims to enhance Spain's energy storage infrastructure, addressing the pressing need for such systems following recent blackouts [3][11] - Enlight is among the first to deploy utility-scale battery storage at this scale in Spain, which will support peak shifting and provide essential grid services [4][11] Operational Timeline - The solar and storage components are expected to reach commercial operation in the second half of 2026, with anticipated annual revenue increases of $38–40 million and EBITDA of $31–33 million in the first full year [5][11] Market Context - The financing is structured on a merchant basis, allowing the company to sell the project's electricity output on the open market without a long-term Power Purchase Agreement, reflecting confidence in Enlight's management and the economic potential of the Gecama site [9][10]

Financial Performance - The company reported total revenues and income of $130 million for Q1 2025, a 39% increase from $94 million in Q1 2024 [5][27] - Net income surged to $102 million, reflecting a 316% increase compared to $24 million in the same period last year [5][33] - Adjusted EBITDA rose by 84% to $132 million, up from $72 million in Q1 2024 [5][34] - Cash flow from operating activities increased by 24% to $44 million, compared to $35 million in Q1 2024 [5] Revenue Breakdown - Revenues from electricity sales increased by 21% to $110 million, up from $90 million in Q1 2024 [27][30] - The company recognized $20 million in income from tax benefits, a 516% increase from $3 million in Q1 2024 [27] - Revenue contributions from new projects connected to the grid included $30 million from various projects, with significant contributions from Atrisco, Israel Solar and Storage Cluster, and others [28][30] Project Developments - The company sold 44% of the Sunlight cluster for $52 million, generating an additional $42 million in Adjusted EBITDA and $80 million in net profit for Q1 2025 [6][29] - The total portfolio consists of 33.4 FGW, with 8.6 FGW in the mature portfolio expected to generate annualized revenues of approximately $1.4 billion by 2027 [11][19] - The company has secured $1.8 billion in financing to support the construction of 4.7 FGW of capacity in 2025 [9] Geographic Revenue Distribution - Revenue distribution for Q1 2025 included $42.9 million from MENA, $51.4 million from Europe, and $34.8 million from the U.S., with the U.S. segment showing a 674% increase year-over-year [25][32] - Approximately 81% of operational capacity sells electricity under Power Purchase Agreements (PPAs), with 29% of power sold under inflation-linked PPAs [16] Operational Strategy - The company has effectively mitigated exposure to U.S. import tariffs through diversified procurement strategies, ensuring that projects under construction have no solar panel exposure under current tariff policies [3][8] - The operational portfolio is geographically diversified, with 44% of capacity in Europe, 29% in Israel, and 27% in the U.S. [16] Future Guidance - Total revenues and income for 2025 are projected to range between $490 million and $510 million, with Adjusted EBITDA expected between $360 million and $380 million [29][30] - Approximately 90% of electricity volumes expected to be generated in 2025 will be sold at fixed prices through PPAs or hedges [30]

TEL AVIV, Israel, April 17, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", ", the Company", NASDAQ:ENLT, TASE: ENLT.TA), a leading renewable energy platform, today announced it will release its financial results for the first quarter ended March 31, 2025, before market open on Tuesday, May 6, 2025. Conference Call Information Enlight will host a conference call to review its financial results and business outlook at 8:00 AM ET on Tuesday, May 6, 2025. Management will deliver prepared remarks ...

The financial close for Quail Ranch includes $243 million of construction loans; COD is expected towards the end of 2025 Enlight’s three U.S. projects now under construction have a combined capacity of 1.4 FGW and are projected to generate total annual revenues of $135-140 million TEL AVIV, Israel, April 14, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, announces the financial close for project Quai ...

TORONTO, April 9, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that it has retained Martone Advisors LLC and its principal, Jonathan Martone, as an advisor to the Company on its previously disclosed planned expansion into the data center market. Mr. Martone has held various leadership roles in the data center and telecommunications industries for over 25 years. Throughout his career, Martone has been instrumental in ...

Core Points - Montauk Renewables, Inc. will host a conference call and webcast on March 13, 2025, at 8:30 a.m. ET to discuss its financial results for the full year ended December 31, 2024 [1] - A press release reporting the financial results will be issued after the close of regular stock market trading hours on the day prior to the conference call [1] - The conference call will include a live Q&A session and will be available for replay after 11:30 a.m. ET on the same day through March 13, 2026 [3] Company Overview - Montauk Renewables, Inc. specializes in the management, recovery, and conversion of biogas into renewable natural gas (RNG) [4] - The company captures methane to prevent its release into the atmosphere and converts it into RNG or electrical power for the grid [4] - Headquartered in Pittsburgh, Pennsylvania, Montauk has over 30 years of experience in developing and managing landfill methane-fueled renewable energy projects [4] - The company operates 13 projects and has ongoing developments in multiple states including California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas [4] - Montauk sells RNG and Renewable Electricity, benefiting from Environmental Attribute premiums under federal and state policies [4]