Enlight Renewable energizes first wind turbine at Genesis Wind

Enlight Renewable announced the commissioning of the first wind turbine at Genesis Wind. With a total capacity of 207 MW, Genesis Wind is set to be the largest renewable energy project in Israel, revolutionizing the renewable energy landscape across the country. The wind farm, located in Northern Israel, features 39 cutting-edge wind turbines from General Electric that will harness the abundant wind resources of the region. The 207 MW project is expected to provide clean energy equivalent to the yearly consumption of 70,000 households, saving 180,000 tons of CO2 emissions annually. Moreover, Enlight’s commissioning of Genesis Wind includes the electrification of the first privately developed HV 161 kV underground cable in Israel, extending 27 kilometers. This pioneering interconnection project will not only deliver electricity from Genesis Wind to population centers across the country, but also will enable Enlight to deliver electricity from additional renewable energy projects it is developing in the area. In a world that has become increasingly interconnection constrained, Enlight continues to focus on an interconnection-led “land and expand” strategy to develop utility scale renewable energy projects worldwide. Enlight anticipates that Genesis Wind will achieve full commercial operation by the end of the third quarter of 2023. In its first full year of operations, Genesis Wind is expected to generate $50m-52m of revenues and $40m-42m of EBITDA under a 20-year inflation linked PPA with the Israel Electric Corporation.