June 3, 2018 / 6:52 AM / 2 months ago

Israel's Enlight in talks to buy 300 megawatt wind farm in Europe

JERUSALEM (Reuters) - Israel’s Enlight Renewable Energy said on Sunday it is in talks to buy a 300 megawatt wind energy project in western Europe.

The company did not identify the seller of the wind farm, which is in late-stage development. It said it would likely invest a total of 320-350 million euros ($373-$408 million) in the project.

Enlight estimated the capital requirement would be 40-50 percent of the total investment, and that it expects to bring in financial partners.

Enlight is a unit of Israeli holding company Eurocom Group.

Reporting by Ari Rabinovitch; Editing by Tova Cohen

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