Enlight Renewable Energy

What Enlight Renewable Energy does

Enlight Renewable Energy Ltd. is an Israel-headquartered, publicly traded (NASDAQ: ENLT; TASE) utility-scale renewable energy platform founded in 2008. The company develops, finances, constructs, owns, and operates greenfield solar, wind, and battery energy storage system (BESS) projects, with a mature portfolio of 11.4 factored gigawatts spanning 16 countries — anchored by the U.S. (14,867 MW capacity, operated through the wholly owned Clēnera Holdings subsidiary), Israel (3,167 MW), and eleven European markets. Its integrated Enlight 360° platform covers the full project lifecycle from greenfield development and engineering/procurement through project finance, construction management, and long-term asset ownership.

Revenue is generated primarily through long-term (15-20 year) fixed-price power purchase agreements and storage tolling agreements with creditworthy offtakers, including investor-owned utilities (Idaho Power, Salt River Project, PNM), hyperscale technology companies (Google via the Solstice PPA), and large industrial customers. FY2025 revenue reached $582 million (+46% YoY), Q1 2026 reached $200 million (+54% YoY), and management is guiding to $755-785 million for FY2026 with a $2.1 billion annual run-rate target by 2028. The U.S. business is the primary growth engine, with major projects under construction including Snowflake A ($1.44 billion financed), CO Bar Complex ($2.86-3.01 billion), Crimson Orchard, Roadrunner, Quail Ranch, and the new Solstice project, alongside European assets such as Gecama (Spain) and Project Jupiter (Germany). Adjacent subsidiaries — Enlight Agro (agri-solar), Enlight Enterprise (corporate solutions), Enlight Local (community solar), and Elements VC — diversify beyond core utility-scale development.

Name

Enlight Renewable Energy

Legal name

Enlight Renewable Energy Ltd.

Website

https://enlightenergy.co.il

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Enlight Renewable Energy is a publicly traded Israel-based utility-scale renewable energy platform that develops, finances, builds, owns, and operates solar, wind, and battery storage projects across 16 countries, supplying long-term contracted power to utilities, hyperscale data centers, and large corporate buyers.

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

akta.pro secondary industries

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI), Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Utility-scale solar
• Wind power generation
• Battery energy storage
• Power purchase agreements
• Renewable energy development

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Sales: Revenue from sale of electricity generated by operational solar, wind, and storage projects under long-term power purchase agreements (PPAs) with utilities, corporations, and data center operators. Q1 2026 revenue of $200 million represents 54% year-over-year increase driven by newly commissioned U.S. projects and strong wind conditions.
2. Energy Trading: Income from increased electricity trading activity as the company's project portfolio and generation capacity expands across multiple markets.
3. Tax Benefits: Tax equity financing and tax benefits from accelerated depreciation on renewable energy assets in the United States, contributing to revenue growth.
4. Project Development Services: Development and construction management fees from large-scale renewable energy projects including interconnection agreements and energy storage service agreements.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Enlight Renewable Energy develops, finances, constructs, and operates utility-scale renewable energy projects spanning solar photovoltaic, wind, and battery energy storage systems across the United States, Europe, and Israel. The company sells generated electricity to utilities, hyperscale data center operators, and large corporations under long-term (15-20 year) power purchase agreements (PPAs). Through its Enlight 360° platform, it manages the full project lifecycle from greenfield development through engineering, procurement, construction, and asset ownership.

Product overview

Enlight Renewable Energy operates as a next-generation global renewable energy platform that develops greenfield projects and generates power across solar, wind, and energy storage segments. The company provides an integrated platform (Enlight 360º) covering the full project lifecycle from development through operations, with projects spanning the United States, Israel, and 11 European countries. The portfolio includes utility-scale solar projects (CO Bar Complex, Snowflake A, Crimson Orchard, Roadrunner, Quail Ranch, Solstice), wind farms, energy storage systems (co-located with solar projects), and international projects like Gecama in Spain and Project Jupiter in Germany. The company's U.S. operations are conducted through its Clēnera subsidiary, while European and Israeli projects are managed directly.

Differentiator

Problem solved

Functional benefit

Brands

• Enlight 360º: Comprehensive renewable energy lifecycle platform covering greenfield development, engineering, procurement, project finance, construction management, and asset management
• Clēnera
• Enlight Agro
• Enlight Enterprise
• Enlight Local

Products and services

• Utility-Scale Solar Utility-scale solar photovoltaic projects that generate clean electricity from sunlight, sold under long-term PPAs to utilities, hyperscale data centers, and corporate customers across multiple geographies.
• Utility-Scale Wind Utility-scale wind energy projects that harness wind power to generate electricity, operating across Israel, Spain, and other European markets, with hybrid integration alongside solar and storage.
• Battery Energy Storage Systems (BESS) Utility-scale battery energy storage systems co-located with solar and wind projects providing grid stability, peak shaving, and continuous power supply for utilities and hyperscale data center customers.
• Enlight 360° Platform Full lifecycle renewable energy platform encompassing greenfield development, engineering and procurement, project finance, construction management, and asset management and ownership for utility-scale solar, wind, and storage projects.
• Clēnera U.S. Operations Wholly-owned U.S. subsidiary focused on developing, financing, constructing, and operating utility-scale solar and storage projects in the United States, including flagship projects like CO Bar Complex, Snowflake A, Crimson Orchard, Roadrunner, Quail Ranch, and Solstice.
• Solstice Project Solar and storage project in Oklahoma supplying 200 MWac of solar power and 800 MWh of battery storage to Google under a 15-year fixed-price PPA to support data center operations and Google's 24/7 carbon-free energy goal.
• CO Bar Complex One of the largest renewable energy projects in the United States, comprising 1.2 GW solar generation and 4 GWh energy storage across five stages in Arizona, with full offtake secured under 20-year Energy Service Agreements with Salt River Project.
• Project Jupiter Co-located solar and energy storage project in Brandenburg, Germany, with up to 150 MWp solar capacity and 2,000 MWh storage backed by a 500 MW grid connection, developed in partnership with Prime Capital AG.
• Gecama Hybrid Project Hybrid renewable energy project in Spain combining wind, solar, and utility-scale battery storage, expected to be Spain's largest hybrid complex, with $310 million in financing closed in June 2025.

Quantifiable outcome

• Revenue growth from $582M (FY2025) to $2.1B annual run rate by 2028 (262% increase)
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship, strategic and core.

• GoogleflagshipStrategic or Co-development Partner · 26 May 202615-year fixed-price Power Purchase Agreement for 200 MWac solar power from Solstice project in LeFlore County, Oklahoma. 800 MWh battery storage capacity to be added in subsequent phase. Commercial operations targeted for 2029. Marks Enlight's first U.S. commercial PPA and inaugural project in Southwest Power Pool market.
• Prime Capital AGstrategicStrategic or Co-development Partner · 3 February 2026Partnership to acquire 51-60% majority stake in Project Jupiter, a co-located solar and energy storage project in Brandenburg, Germany. Up to 150 MWp solar and 2,000 MWh storage with EUR 470-500 million investment. Expansion of existing partnership that began in 2019.
• Salt River ProjectcoreStrategic or Co-development Partner · 2 February 2026Two 20-year Energy Service Agreements for CO Bar Complex storage stages (CO Bar 4 and 5). 1.211 GW solar and 4.0 GWh storage project in Arizona. Offtake agreements for entire complex.
• MivnestrategicStrategic or Co-development Partner · 31 December 2025NIS 1.5 billion (approximately $420 million) partnership for rooftop solar project across 550 properties in Israel over 15 years. Part of $1.42 billion in renewable energy deals signed in Israel highlighting country's role as renewable energy hub.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Acciona Energía: Acciona Energía is one of Spain's largest pure-play renewable energy IPPs with utility-scale wind, solar, and storage assets across Europe, North America, Latin America, and Australia. Its emphasis on hybrid wind+solar+storage complexes (similar to Enlight's Gecama project) and European operational footprint make it a strong regional peer for Enlight's European operations.

Direct peers

• Brookfield Renewable Partners: Brookfield Renewable Partners owns and operates a globally diversified portfolio of utility-scale hydroelectric, wind, solar, and storage assets under long-term contracts with investment-grade offtakers. Its business model — greenfield development through long-term ownership across multiple geographies — is highly comparable to Enlight's Enlight 360º platform, with similar revenue mix of contracted renewable generation and storage.
• Atlantica Sustainable Infrastructure: Atlantica owns and operates a diversified portfolio of renewable energy, efficient natural gas, transmission, and water assets under long-term contracts. Its global footprint across North America, South America, Europe, and the Middle East, and its focus on contracted infrastructure cash flows, make it a strong comparable for Enlight's diversified utility-scale renewable IPP model.
• Northland Power: Northland Power is a Canadian-headquartered global renewable energy IPP developing, owning, and operating utility-scale offshore wind, onshore wind, solar, and natural gas projects under long-term PPAs. Its diversified technology mix across wind, solar, and storage, and its global operating footprint, are directly comparable to Enlight's hybrid renewable project strategy.
• Clearway Energy: Clearway Energy is a pure-play US renewable energy IPP that owns and operates utility-scale wind, solar, and battery storage projects under long-term PPAs with investment-grade offtakers. Its business model — contracted cash flow from renewable generation assets — is closely comparable to Enlight's core revenue model, though Clearway is more US-concentrated while Enlight is globally diversified.
• Innergex Renewable Energy: Innergex is a Canadian-headquartered renewable energy IPP operating hydro, wind, solar, and storage facilities across Canada, the US, France, and Chile under long-term PPAs. Its global multi-technology renewable IPP model and its focus on contracted cash flows are directly comparable to Enlight's diversified utility-scale generation and storage strategy.
• AES Corporation: AES Corporation is a US-headquartered global utility and renewable energy IPP with significant utility-scale solar, wind, and battery storage operations across the Americas. Its strategic focus on supplying renewable energy to data center and hyperscale customers — and growing its renewables portfolio from ~3 GW to 7-9 GW by 2027 — closely mirrors Enlight's AI data center growth thesis and capacity expansion plan.

Broad incumbents

• NextEra Energy: NextEra Energy is the world's largest renewable energy generator and operator of Florida Power & Light. Through NextEra Energy Resources, it develops, owns, and operates utility-scale wind, solar, and storage projects under long-term PPAs — directly comparable to Enlight's IPP and project development model, but at vastly greater scale and with a regulated utility backbone.

Others

• Array Technologies: Array Technologies is a leading US manufacturer of solar tracking systems and a key supplier to utility-scale solar projects. While not a direct peer, it sits in the same Barclays-named "top renewable stocks for AI infrastructure" cohort as Enlight and benefits from the same hyperscale solar buildout driven by data center demand, making it a thematic adjacent comparable.

Emerging players

• Solaria Energía y Medio Ambiente: Solaria is a Spanish renewable energy company developing and operating utility-scale solar PV projects across Iberia and Latin America under long-term PPAs. Its focus on European utility-scale solar development under corporate and utility PPAs — including recent data center supply deals — overlaps meaningfully with Enlight's Southern European and data center strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/enlight_re
• YouTubeyoutube.com/@EnlightRenewableEnergy
• LinkedInlinkedin.com/company/enlight-renewable-energy
• Instagraminstagram.com/enlight_energy
• Facebookfacebook.com/EnlightRenewableEnergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds7 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enlight Renewable Energy