Enlight to acquire solar energy projects under development in Spain from Cerberus for $57m.

Enlight, a publicly traded company, headquartered in Israel, that builds and operates solar and wind power facilities, agreed to acquire solar energy projects under development in Spain from Cerberus for $57m. "This is another expansion of our portfolio of projects in Spain, which already includes the largest wind farm in Spain which is in advanced stages of construction (Gecama), as well as another 800MWdc in development. The new portfolio, which already secured grid connection rights to the national electricity grid, will add significant solar power in high-radiation areas and will diversify our production sources in the Iberian region," Zafrir Yoeli, Enlight SVP Business Development.