Enlight Renewable Energy Ltd.

Enlight Renewable Energy reported strong financial results for Q2 2026, with total revenues and income increasing by 55% to $210 million and net income soaring to $31 million from $6 million last year. Adjusted EBITDA also grew significantly by 67% to $160 million. The company continued its strategic expansion, growing its total portfolio to 43.1 FGW and securing approximately $3.7 billion in financing during the first half of the year, including $2.6 billion for the CO-Bar complex.

Enlight Renewable Energy reported strong Q2 2026 financial results, with total revenues and income increasing 55% to $210 million and net income surging 460% to $31 million. Adjusted EBITDA also saw a significant rise of 67% to $160 million. Driven by this performance, the company raised its full-year 2026 revenue and Adjusted EBITDA guidance. Additionally, Enlight expanded its total portfolio capacity by 4.6% to 43.1 FGW and successfully secured $2.6 billion in financing for the CO Bar complex.

Enlight Renewable Energy announced it will release its second quarter 2026 financial results before market open on Tuesday, August 4, 2026. The company will host an English conference call and webcast at 8:00 AM ET and a Hebrew webcast at 6:00 AM ET on the same day to discuss the results and business outlook. Financial results and additional investor materials will be accessible on the company's website prior to the call.

Enlight Renewable Energy Ltd. announced it will release its financial results for the second quarter ended June 30, 2026, prior to the opening of the Tel Aviv Stock Exchange on Tuesday, August 4, 2026. The company will host two conference calls and webcasts on the same day to discuss the results and business outlook, one in English and one in Hebrew. CEO Adi Leviatan and management will lead the discussions, with investor materials accessible on the company's website.

Enlight Renewable Energy's U.S. subsidiary, Clēnera Holdings, has secured a debt financing framework agreement totaling approximately $2.6 billion for its CO Bar Complex in Arizona. This complex, one of the largest in the U.S., features 1.2 GW of solar power generation and 4.0 GWh of energy storage. The project, with a total investment of $2.9 billion to $3.045 billion, is expected to generate $250 million to $260 million in revenues and $205 million to $210 million in EBITDA in its first full year of operation, with commercial operation anticipated in phases from late 2027 to mid-2028.

Enlight Renewable Energy Ltd. announced the financial close for its CO Bar Complex in Arizona, USA, securing $2.622 billion in debt financing. The complex comprises five solar and energy storage projects with a total capacity of 1.2 GW solar and 4.0 GWh storage. Construction for CO Bars 1-3 is fully mobilized, with CODs expected in late 2027 and early 2028, projecting $250-260 million in revenues and $200-210 million in EBITDA for the first full year of operations.

Enlight Renewable Energy, through its U.S. subsidiary Clēnera, has signed a 15-year physical power purchase agreement with Google for 200 MWac of solar energy. This energy will come from the 250 MWdc Solstice project in Oklahoma, which is expected to begin construction in 2028 and commercial operations in 2029. This marks Enlight's first U.S. PPA with a commercial customer and its entry into the Southwest Power Pool market, powering Google's data centers. The project is also anticipated to expand with 800 MWh of battery storage.

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.

Enlight Renewable Energy successfully completed the institutional phase of its Notes offering, with each investor receiving 100% of their order. The company plans to use the net proceeds to fund its growth plan, including investments in new projects, debt refinancing, and portfolio expansion. The Notes are set to mature on September 1, 2033 and are not registered under the U.S. Securities Act.

Enlight Renewable Energy Ltd. received an updated credit rating report from Midroog, which assigned an A2.il rating with a Positive outlook to new debentures. The company's Series 7 debenture issuance has been expanded to up to NIS 1 billion par value, an increase from the previously rated NIS 550 million. The issuer rating and outlook for all outstanding bonds remain A2.il with a Positive outlook.