Enlight Renewable Energy Ltd. (ENLT) announced Friday that it has secured an Israel Land Authority tender to develop a 50-acre integrated data center and renewable energy complex in Ashalim, southern Israel.
The company plans to invest up to $1.1 billion, marking a key step in expanding data centers to regions with renewable energy production.
Designed with a 100 MW AC hourly consumption capacity, the complex will integrate energy production, storage, and data infrastructure, reinforcing Enlight's expertise in renewable energy development.
ENLT is currently trading at $16.02 or 1.02% lower on the Nasdaq Global Select Market.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.