Announced

Completed

Enlight completed the acquisition of a 90% stake in Clēnera for $390m.

Synopsis

Enlight, a global renewables IPP and developer, completed the acquisition of a 90% stake in Clēnera, a privately-held renewable energy company headquartered in Boise, Idaho, for $390m. "Clēnera's culture, diversified portfolio and market leadership in the western US created a differentiated value proposition for Enlight, and a unique US partnership opportunity. The acquisition is a major step in establishing Enlight's position as a global leader in renewable energy development and operation. Clēnera's outstanding track record and market leadership will allow the unified companies to continue their rapid and profitable growth path," Gilad Yavetz, Enlight CEO.

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