Enlight, Migdal Co-Invest €100M In Renewables

December 22, 2015 | Enlight Renewable Energy Solutions, a subsidiary of Eurocom Group, has announced a €100 million joint venture with Israeli insurance giant Migdal to invest in the renewable energy projects globally. Under the terms of the agreement, the new partnership will be jointly owned by Enlight (51%) and Migdal (49%) and will invest in renewable energy projects outside Israel. Enlight specializes in initiating, developing, and operating projects that generate electricity from solar and wind power in Israel and Europe, and is traded on the Tel Aviv Stock Exchange with a market cap of $243 million.