Enlight Renewable Energy announced the commercial operation of two projects. First, the Sde Nitzan project in Israel commenced commercial operation on August 2nd. The project is Israel?s largest combined solar and storage project and is Enlight?s first ever storage project to reach commercial operation.

The project includes 23 MW of solar and 40 MWh of storage. Second, Enlight announced the commercial operation of ACDC, a 26 MW solar project in Hungary. Both projects reached commercial operations on schedule and on budget.

The project in Sde Nitzan is part of Enlight's PV+ storage cluster, with a total solar capacity of 248 MW and 474 MWh of storage capacity. The remainder of the capacity is expected to reach commercial operations gradually until the end of the first half of 2024. Starting in January 2024, Sde Nitzan will sell its electricity directly to corporate PPA counterparties, in light of the new regulation in the electricity market in Israel.

Enlight recently signed corporate PPAs with Amdocs and SodaStream (a subsidiary of PepsiCo). Project ACDC in Hungary also achieved commercial operation. All the energy generated by the project will be sold under a PPA linked to the consumer price index for 15 years.

The project is part of Enlight?s broader portfolio in Hungary, which includes the operational Attila project, with a capacity of 57 MW, and the 60 MW Tapolca project, which is currently under construction.