Strong Revenue and EBITDA Growth
Revenue and income grew by 53% year-over-year, reaching $135 million. Adjusted EBITDA increased by 57% to $96 million.
Guidance Raise for 2025
The company raised its full year 2025 guidance, with revenues expected to rise to $528 million and adjusted EBITDA to $393 million, representing a 5% to 6% increase.
Expansion of Leadership Team
Adi Leviatan will take on the role of CEO in October, bringing experience from 3M and McKinsey & Co.
U.S. Project Developments
Significant progress in U.S. projects, including Snowflake A with 600 MW of solar power and 1.9 GWh of battery storage, scheduled to COD in 2027.
Successful Financial Closures
Enlight completed financial close for the hybridization of the Gecama project in Spain, securing $310 million in financing.
Positive Market Environment
The renewable energy sector is experiencing strong demand, with declining costs for solar panels and energy storage equipment.