Gilad Yavetz on renewable energy policy
From Investor Conference - 19/11/12024 | enlight Renewable Energy · · Enlight Renewable Energy
“In the last year in Israel, something happened that dramatically elevated the priority of renewable energy—not just for climate reasons, but for national security needs, as the state itself requires it for confidence.”
On , Gilad Yavetz, Executive Chairman & Founder at Enlight Renewable Energy, spoke about renewable energy policy during Investor Conference - 19/11/12024 | enlight Renewable Energy on Enlight Renewable Energy.
About Gilad Yavetz
Gilad Yavetz, Executive Chairman and Founder of Enlight Renewable Energy, spoke at an investor conference hosted by the company at the Tel Aviv Stock Exchange on November 19, 2024. He described the company's recent financial results as among the best in its history, noting successive upward revisions to revenue and EBITDA guidance for 2024. Yavetz stated that in the first quarter the company achieved revenues of $41 million, up nearly 90% year-over-year, and projected $25–26 million in combined revenue from new projects in the third and fourth quarters. He also said that the company is developing new markets in the Middle East and North Africa with significant projects. Yavetz remarked that in the past year in Israel, the priority of renewable energy has been elevated not only for climate reasons but also for national security needs, as the state requires it for confidence. He discussed the company's portfolio, noting nearly 900 megawatts of operating capacity and plans to begin construction on an additional 200 megawatts in the coming year. Regarding offshore wind, Yavetz said the company placed that initiative on hold due to high costs and low returns, but anticipated future developments in floating turbine technology could reopen the market.