Genesis Wind, set to be the largest renewable energy project in Israel with a total capacity of 207 megawatts, is starting operations under the aegis of Enlight Renewable Energy of Tel Aviv.
Located in northern Israel, the wind farm has 39 General Electric wind turbines to harness the abundant wind resources of the region. The first of the turbines has been put into commission.
At full capacity, by the end of the third quarter of this year, the project is expected to provide clean energy equivalent to the yearly consumption of 70,000 households. This could save 180,000 tons of CO2 emissions annually and generate at least $50 million in revenues.
An electrified underground cable in Israel, extending 27 kilometers, will deliver electricity from Genesis Wind to population centers across the country via a power purchase agreement with the Israel Electric Corporation.
Enlight plans on using this cable to deliver electricity from additional renewable energy projects it is developing in the area.
“The successful commissioning of the first wind turbine at Genesis Wind marks a significant milestone in Israel’s renewable energy journey,” said Gilad Yavetz, CEO at Enlight.
“We remain steadfast in our commitment to developing additional utility-scale projects across the country, facilitated through our ‘land and expand’ strategy focused on large-scale projects around key interconnection infrastructure.”
Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects across the three largest renewable segments today: solar, wind and energy storage.
A global platform, Enlight operates in the United States, Israel and nine European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 and completed its US IPO in 2023.