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Enlight Signs $310 Million Financing for Spain Hybrid Renewable Energy Project
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Enlight Signs $310 Million Financing for Spain Hybrid Renewable Energy Project
Jun 3, 2025 8:01 AM

10:41 AM EDT, 06/03/2025 (MT Newswires) -- Enlight Renewable Energy ( ENLT ) said Tuesday it signed financing deals totaling about $310 million for the hybridization of the Gecama wind project in Spain.

The project will combine wind, solar, and utility-scale battery storage to supply clean electricity around the clock and support grid stability, following extended blackouts in Spain earlier this year.

The company said the integrated facility is expected to generate annual revenue of about $100 million once fully operational.

Shares of Enlight were down 1.5% in recent trading.

Price: 19.42, Change: -0.29, Percent Change: -1.47

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