Strong Financial Performance
Revenue grew by 39% compared to the same quarter last year, reaching $130 million. Adjusted EBITDA increased by 84% to $132 million. The Sunlight transaction significantly contributed $42 million to adjusted EBITDA and $97 million to pretax profit.
Successful U.S. Project Financing
Enlight raised a total of $1.5 billion in financing at favorable terms for three major projects despite recent U.S. trade policy changes, demonstrating a strong ability to access capital.
Progress in U.S. Projects
Construction on Quail Ranch and Roadrunner is advancing, with expected operations by the end of the year. Together, these projects will add 820 megawatts of generation capacity and 2 gigawatt-hour of storage with expected total revenues of approximately $250 million.
Resilient Supply Chain Strategy
Enlight's diversified supply chain and domestic sourcing strategy mitigated impacts from U.S. trade tariffs. Solar panels are domestically sourced or imported from countries other than China, and Tesla is used as the main battery supplier.
Expansion in Energy Storage Markets
Rising demand for energy storage in Europe and new developments in Israel, including a win in a tender for a combined data center and renewable energy complex, indicate strategic growth in these markets.