Energix Renewable Energies

Energix Renewables, First Solar Enter into Framework Agreement

Retrieved on: 
Sunday, July 16, 2023

First Solar , Inc. (NASDAQ: FSLR) today announced that Energix Renewables has agreed to procure 51 gigawatts (GWDC) of its responsibly produced, ultra-low carbon thin film solar modules.

Key Points: 
  • First Solar , Inc. (NASDAQ: FSLR) today announced that Energix Renewables has agreed to procure 51 gigawatts (GWDC) of its responsibly produced, ultra-low carbon thin film solar modules.
  • Prior to this deal, the company has placed over 3.5 GWDC of orders for First Solar technology since 2017.
  • View the full release here: https://www.businesswire.com/news/home/20230715753063/en/
    First Solar today announced that Energix Renewables has agreed to procure 5 gigawatts (GWDC) of its responsibly produced, ultra-low carbon thin film solar modules.
  • We are pleased that Energix will power its asset portfolio with First Solar’s module technology,” said Georges Antoun, chief commercial officer, First Solar.

Energix Closes $520 Million Financing and Tax Equity Deal to Fund New Solar Projects

Retrieved on: 
Thursday, June 29, 2023

ARLINGTON, Va., June 29, 2023 /PRNewswire/ -- Energix Renewables, a global renewable energy leader, has announced the successful closing of two project financing transactions with Santander Corporate & Investment Banking ("Santander CIB"), as the sole underwriter and structuring bank of a construction financing and term loan which includes a Tax Equity bridge loan, and Morgan Stanley Renewables Inc. ("Morgan Stanley"), as a tax equity investor, in connection with 6 utility scale solar projects located in Virginia and Pennsylvania totaling $520 million dollars in the aggregate.

Key Points: 
  • The total construction and term-loan amount committed by the lenders is $260 million, and the total tax equity commitment is $260 million; provided, however, the total tax equity contribution could be higher based on the project companies' ITC (investment tax credit) eligibility.
  • The latest transaction marks the third tax equity deal Energix has closed with Morgan Stanley.
  • "Energix is bringing their knowledge and strong experience to the US and we are very excited to have supported Energix in their first financing transaction.
  • With the additional investment from Morgan Stanley and Santander CIB, Energix is projected to have 640 MWdc of operational projects by the end of 2023.

Energix Partners with Nevados to Improve Erosion Controls and Operations of Solar PV Assets

Retrieved on: 
Wednesday, April 26, 2023

SAN FRANCISCO and ARLINGTON, Va., April 26, 2023 /PRNewswire/ -- Nevados Engineering, Inc., the solar tracker company that is transforming utility-scale PV deployment, is partnering with Energix Renewables, a global renewable energy developer and independent power producer (IPP), to provide its all-terrain technology platform as part of a long-term solar tracker supply agreement and strategic collaboration. Energix will use American-made Nevados solar trackers to minimize grading on domestic projects with severe topographical challenges. Energix Renewables currently has over 6 GW in its U.S. solar project pipeline. Nevados' partnership will enable Energix to develop solar projects in areas with challenging slopes without the need for extensive grading.

Key Points: 
  • Energix will use American-made Nevados solar trackers to minimize grading on domestic projects with severe topographical challenges.
  • Nevados' partnership will enable Energix to develop solar projects in areas with challenging slopes without the need for extensive grading.
  • The new partnership with Nevados means Energix can deploy best-in-class solar assets with minimal topographical impact.
  • "Since its inception, Nevados has focused on engineering innovative solar tracker technology that follows the terrain," said Yezin Taha, CEO of Nevados.

VCHR: Virginia communities petition authorities to cancel Energix solar projects jeopardizing the Israel's firm revenues

Retrieved on: 
Wednesday, January 18, 2023

RICHMOND, Va., Jan. 18, 2023 /PRNewswire/ -- Citing the widespread and deceptive practices of Energix Renewable Energies, multiple Virginia communities have petitioned state and municipal authorities to withhold permits from Energix, a foreign company headquartered in Ramat Gan, Israel.

Key Points: 
  • RICHMOND, Va., Jan. 18, 2023 /PRNewswire/ -- Citing the widespread and deceptive practices of Energix Renewable Energies, multiple Virginia communities have petitioned state and municipal authorities to withhold permits from Energix, a foreign company headquartered in Ramat Gan, Israel.
  • Because of this pushback, Energix has been denied permits or forced to withdraw applications in five Virginia counties:
    According to one IRmep estimate using 2023 EIA electricity price forecasts , $1.8 billion in 35-year Energix revenue has been stalled or canceled.
  • To perhaps avoid investor and community backlash, Energix is misleading communities about its track record by filing materially misleading Notices of Intent (NOI) or filing them so late in the state permitting process they raise no stakeholder awareness.
  • In the lead petition filed by Rockingham County Citizens for Responsible Solar (RCCRS), VCHR also petitioned that future NOI's identify the parent company (Energix) rather than only anonymous LLC shell companies.

Israel's Energix Renewable Energies Fined over $90,000 in Virginia for Environmental Violations

Retrieved on: 
Wednesday, July 20, 2022

Energix has built solar utilities in the West Bank and wind turbines in the Golan Heights and uses Israeli police protection in clashes with indigenous groups.

Key Points: 
  • Energix has built solar utilities in the West Bank and wind turbines in the Golan Heights and uses Israeli police protection in clashes with indigenous groups.
  • According to data gathered by the Virginia Coalition for Human Rights, ten counties and two state agencies in Virginia have pushed back against Energix's worst practices.
  • In Wythe County, the Virginia Department of Environmental Quality issued an Enforcement Action and fined Energix $68,250 for environmental violations at its Wytheville Solar site.
  • In Buckingham County, the State Water Control Board issued an Enforcement Action and fined Energix $23,772.50 over environmental violations at its Buckingham Solar II site.

The Tel Aviv Stock Exchange is Interested in Burj Khalifa Investors

Retrieved on: 
Wednesday, February 23, 2022

Ittai Ben-Zeev, TASE CEO: "We are dedicated to constantly increasing the number and diversity of investors on the Israeli capital market.

Key Points: 
  • Ittai Ben-Zeev, TASE CEO: "We are dedicated to constantly increasing the number and diversity of investors on the Israeli capital market.
  • The objective of the delegation is to expose UAE investors to leading Israeli companies."
  • The collaboration with the UAE Embassy in Israel will kick off with a special conference in Dubai from February 28 to March 3, bringing together major Emirati investors and corporates for meetings with Israeli public companies listed on the Tel Aviv Stock Exchange.
  • The UAE Embassy in Israel and the management of the Tel Aviv Stock Exchange (TASE: TASE) are launching a new initiative, the Dubai Israel: Future Horizons Mission, in cooperation with the Dubai International Chamber.

Enlight Renewable Energy Signs Agreements for the Acquisition and Construction of a 113 MW Wind Farm in Sweden

Retrieved on: 
Wednesday, May 29, 2019

The "Picasso" project is located in southern Sweden and is expected to include 27 wind turbines of 4.2 megawatts each.

Key Points: 
  • The "Picasso" project is located in southern Sweden and is expected to include 27 wind turbines of 4.2 megawatts each.
  • The total investment in the project is estimated at EUR 135-140 million, including the agreements for construction, management and acquisition of rights in the project company.
  • Enlight Renewable Energy, traded on the Tel Aviv Stock Exchange (TASE: ENLT) 125 Index, is 96% held by the general public.
  • It is among the European leaders in development, financing, construction and operation of renewable energy projects, currently operating in Israel and Europe.

Enlight Renewable Energy Signs Agreements for the Acquisition and Construction of a 113 MW Wind Farm in Sweden

Retrieved on: 
Wednesday, May 29, 2019

The "Picasso" project is located in southern Sweden and is expected to include 27 wind turbines of 4.2 megawatts each.

Key Points: 
  • The "Picasso" project is located in southern Sweden and is expected to include 27 wind turbines of 4.2 megawatts each.
  • The total investment in the project is estimated at EUR 135-140 million, including the agreements for construction, management and acquisition of rights in the project company.
  • Enlight Renewable Energy, traded on the Tel Aviv Stock Exchange (TASE: ENLT) 125 Index, is 96% held by the general public.
  • It is among the European leaders in development, financing, construction and operation of renewable energy projects, currently operating in Israel and Europe.

Frost & Sullivan Publishes Quarter 3 Update on Energix Renewable Energies

Retrieved on: 
Thursday, November 29, 2018

Its goal is to encourage investments in these companies by improving understanding of these industries and companies in the market.

Key Points: 
  • Its goal is to encourage investments in these companies by improving understanding of these industries and companies in the market.
  • The analysis is funded by the companies surveyed with funding from the Chief Scientist and the TASE.
  • This increase stems from a continued trend of green certificate price rise which started in the last quarter of 2017.
  • About the Company - Energix Renewable Energies Ltd. (hereinafter "Energix" or "the Company") is a renewable energy company, currently active in the field of Solar Photovoltaic (PV) and Wind Energies.

Frost & Sullivan Publishes Quarter 3 Update on Energix Renewable Energies

Retrieved on: 
Thursday, November 29, 2018

Its goal is to encourage investments in these companies by improving understanding of these industries and companies in the market.

Key Points: 
  • Its goal is to encourage investments in these companies by improving understanding of these industries and companies in the market.
  • The analysis is funded by the companies surveyed with funding from the Chief Scientist and the TASE.
  • This increase stems from a continued trend of green certificate price rise which started in the last quarter of 2017.
  • About the Company - Energix Renewable Energies Ltd. (hereinafter "Energix" or "the Company") is a renewable energy company, currently active in the field of Solar Photovoltaic (PV) and Wind Energies.