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Summary of Highlights:
On 30 April 2018, the Polish Power Exchange published new indices for green certificates traded on the Property Rights Market.
The company hedged approximately 50% of its electricity sales for the months May-December 2018.
After the release of its quarterly update for the reporting period ending March 31 2018, Energix reported the following significant milestone on 23 May 2018:
Energix announced that it has increased its stake in the Ilawa Wind Energy project in Poland from 75% to 100%. This corresponds to an increase in installed capacity from 9.9MWp to 13.2MWp.
Energix released its quarterly report for Q1-2018 on 14 May, 2018 detailing the following:
EBITDA for Q1-2018 totaled NIS 26.4M, an increase of 78.4% from Q1-2017.
We increase Energix's equity value to $486.2M / NIS 1,736M corresponding to a target price ranging between NIS 4.38 and NIS 4.88; a mean of NIS 4.61.
About the Company - Energix Renewable Energies Ltd. (hereinafter "Energix" or "the Company") is a renewable energy company, currently active in the field of Solar Photovoltaic (PV) and Wind Energies. As one of the largest Israeli Independent Power Producers (IPPs), the company initiates, develops, constructs and owns long-term renewable energy projects. Once it has secured production rights through government tenders, Energix sells the generated electricity to utility companies who distribute electricity to end users. Energix shares have traded on the Tel Aviv Stock Exchange since 2011.
Read the full report here.
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