Core Viewpoint - Enlight Renewable Energy has signed a 12-year electricity supply agreement with Vishay Israel Ltd. valued at approximately $105 million, which includes an option to increase consumption volumes over the contract's duration [1][4]. Company Overview - Enlight Renewable Energy is a leading renewable energy platform in Israel, owning the largest portfolio of renewable energy assets in the country [3][6]. - The company operates across major renewable segments including solar, wind, and energy storage, and has a global presence in the United States, Israel, and 10 European countries [6]. Agreement Details - The agreement with Vishay will enable significant reductions in electricity costs for Vishay's manufacturing facilities in Israel [4]. - The environmental impact of this agreement is substantial, equating to the planting of approximately 740,000 new trees annually or the removal of about 17,000 fuel-powered vehicles from the road each year [4]. Industry Context - The agreement is part of a broader trend where large consumers in Israel are entering direct supply agreements with power producers following the deregulation of the electricity market [3][5]. - Other notable entities in Israel that have signed similar clean electricity supply agreements with Enlight include the Weizmann Institute of Science, Amdocs, and Applied Materials [2]. Strategic Importance - The partnership aligns with Vishay's commitment to sustainability and energy efficiency, providing clean, reliable energy at lower rates, which enhances operational efficiency and reduces environmental impact [5]. - This agreement exemplifies how renewable energy can increase competition and lower power costs in Israel's energy market [5].