Business UpdateMay 19, 2026, 06:08 AM
Enlight Renewable Energy Targets $2.1B ARR & 13 FGW by 2028
AI Summary
Enlight Renewable Energy presented its growth drivers and execution strategy, targeting over $2.1 billion in Annual Recurring Revenue (ARR) and 12-13 FGW in global operating capacity by year-end 2028. The company is expanding into data center development, leveraging its expertise to build projects co-located with renewable generation, with planned investments in Ashalim (Israel) and other US/Germany/Poland sites. Additionally, Enlight is pioneering agrivoltaics in Israel, with 15 projects expected by 2028 and strong agricultural yield results.
Key Highlights
- Enlight Renewable Energy targets Annual Recurring Revenue (ARR) exceeding $2.1 billion by year-end 2028.
- Global operating capacity roadmap aims for 12-13 FGW by year-end 2028.
- Developing data center projects with billions of dollars in planned investments, including a flagship ~160 MWIT project in Ashalim, Israel.
- Developing four data centers adjacent to generation and storage sites in the US with a total capacity of ~1,000 MWIT.
- Exploring data center development options in Germany (~400 MWIT) and Poland (~485 MWIT).
- Mature portfolio expected to generate $8.4 billion in revenues & income and $2.1 billion in CAPEX by 2026.
- Pioneering agrivoltaics in Israel, with 15 field crop projects expected to reach commercial operation by 2028.
- Achieved 75-98% agricultural yield from the first crop cycles at the Yesha agrivoltaics facility.
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