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European Energy to sell 470MW wind and solar project to Energix

European Energy has agreed to sell a 470MW wind and solar project in Israel to Energix Renewable Energies Ltd. for $470 million. The project, known as the "Genesis" portfolio, includes 17 solar and wind sites across Israel, with construction already underway on some sites. This deal marks one of the largest renewable energy transactions in Israel, aiming to significantly boost the country's renewable energy capacity. The portfolio is expected to produce enough electricity to power approximately 150,000 households annually. The transaction is subject to regulatory approval and is part of European Energy's strategy to focus on developing new projects while divesting mature assets.

Read the Full GlobalData Article at:
[ https://www.msn.com/en-us/money/markets/european-energy-to-sell-470mw-wind-and-solar-project-to-energix/ar-AA1AE5Fj ]