Enlight Closes Deal to Build Irish Wind Farm

(Corrects to remove reference to funding in headline,

first and second paragraphs, adds Shaltiel’s relationship with

Enlight in final.)

(Bloomberg) — Enlight Renewable Energy Ltd., an Israeli

clean-power developer, closed a 100 million-shekel ($26 million)

deal for a wind farm in Ireland.

The company will build a 13.6-megawatt wind farm that will

start working by the end of next year. The project is expected

to generate annual revenue of about 13 million shekels for 25

years, Enlight said Thursday in a statement on PR Newswire. The

funding is an expected 80 percent debt and 20 percent equity.

“Ireland’s target of electricity production from

renewables by 2020 is 40 percent, with market potential equal to

4,000 megawatts, compared with 2,000 megawatts today,” Maya

Shaltiel, chief executive officer and founder of Maya

International Strategic Alliances Ltd., said in the statement.

The country also has “very supportive” regulation for wind

power. Shaltiel worked with Enlight on its plans for the Irish

wind market.

To contact the reporter on this story:

Louise Downing in London at

ldowning4@bloomberg.net

To contact the editors responsible for this story:

Reed Landberg at

landberg@bloomberg.net

Tony Barrett, Dan Weeks

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