Enlight Announces the Initial Commencement of Commercial Operations at the Pupin Wind Farm in Serbia
Enlight Renewable Energy Ltd. (ENLT)
Company Research
Source: GlobeNewswire
Pupin incorporates 94 MW of wind generation capacity, cost $155-160 million to construct, and is expected to generate approximately $22-23 million of revenues and $16-17 million of EBITDA in its first full year of operation The Project is expected to reach full operations in 1Q25, half a year earlier than planned TEL AVIV, Israel, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”, "the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announces the initial commencement of commercial operations at the Pupin wind farm (“the Project”) in Serbia with a production capacity of 94 megawatts. The Company expects full COD to be achieved during 1Q25, half a year earlier than initially planned. Pupin has been constructed using 16 Nordex wind turbines, a German company that is one of the leading producers of turbines globally. The Project is expected to sell 72% of the electricity it generates for the next 15 years to the state-owned
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