Enlight Renewable Energy from Israel Closes an ILS 100 Million (USD 26 Million) Deal Worth in Ireland

Maya Shaltiel brings market leader Enlight an ILS 100 million deal

Aug 06, 2015, 07:00 ET from Enlight Renewable Energy

TEL AVIV, Israel, August 6, 2015 /PRNewswire/ --

Enlight Renewable Energy (TASE: ENLT) is the first Israeli renewable energy company to establish a significant footprint in the highly competitive Irish wind-market, after winning an ILS 100 million deal. ILS 14.5 million will be paid to an Irish developer and the rest will be invested in the construction of the project.

The company specializes in initiating, developing, constructing and operating clean electricity production projects from renewable energy sources. It expects yearly revenues of ILS 13 million for 25 years from this project.

The deal was closed in Ireland, as was announced at the Tel Aviv Stock Exchange on July 2015 http://maya.tase.co.il/bursa/report.asp?report_cd=979972. Enlight is the renewable energy arm of Eurocom Group, one of the largest holding companies in Israel, and is one of the most prominent companies in the renewable energy market which has emerged in Israel, and is also the leading renewable energy company currently traded on the Tel Aviv Stock Exchange.

Maya Shaltiel has been working with Enlight for over a year, in order to implement the company's strategy of expanding its activities into new markets, and penetrating the Irish wind market, a project which resulted in the foregoing successful deal.

According to Maya Shaltiel, founder and CEO of MAYA INTERNATIONAL STRATEGIC ALLIANCES, "Ireland's target of electricity production from renewables by 2020 is 40%, with market potential equal to 4000MW, compared to 2000MW of installed capacity today. Add this to a very supportive regulation and good wind resources and we have identified Ireland as a highly attractive market in which we tried to get a first footprint. It is also a very competitive market, and I am very pleased we were able to identify and win a good opportunity and close this deal. Enlight is a very strong player in the global renewable energy market and has a very promising potential in this market. I am looking forward to further fruitful cooperation with Enlight".  

MAYA INTERNATIONAL STRATEGIC ALLIANCES specializes in international business strategy and is focused on strategic alliances between Israeli companies (from startups to growth) looking to expand their activities into new markets abroad, and large foreign businesses looking for Israeli technology & Innovation for M&As, JVs and other investment purposes. The company works with serious business partners from around the world, especially from Europe and East Asia.

Contact:
Maya Shaltiel
Email: mayashaltiel@gmail.com
Office Phone: +972507445015

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SOURCE Enlight Renewable Energy