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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