News

Israel’s Enlight invests in wind power plant

Published

January 28, 2016

Comments

comments icon

0

Share

Published:

January 28, 2016

Comments:

comments icon

0

Share

Eurocom Group’s subsidiary Enlight Renewable Energy acquired 90% of the construction project for the wind power plant Lukovac, located nearby the Adriatic port of Split. The Israeli investor will take over for a total of USD 8.3 million (EUR 7.42 million), said a report by Seebiz.eu. The plant has the capacity of 49 MW.

Eurocom is one of the biggest private holdings in Israel, operating in communication and real estate and other segments, the article said. The wind power project was developed by WPD Enersys, registered in Dubrovnik and owned by Željko Samardžić. Bloomberg learned from the Israeli investors they estimate the future project at EUR 63 million and that they are in search for partners. The wind power facility is being developed for several years in the municipality of Cista Provo. Domestic media said the impact assessment study got the green light and that an agreement was made with market operator Hrote about power purchase for 14 years. The Israeli company said the project planning phase should be complete in the first half of this year.

Related Articles

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

Constitutional Court of Serbia rules in favor of Rio Tinto lithium project

Constitutional Court of Serbia rules in favor of Rio Tinto’s lithium project

11 July 2024 - The Constitutional Court of Serbia declared unconstitutional a decree that annulled the local spatial plan for Rio Tinto's lithium project

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E