Enlight Renewable Energy Ltd.

General Information
Business:

Enlight Renewable Energy is a global renewable energy platform for solar energy, wind power and energy storage.(Incorporated in Israel) 

Our mission is to lead the renewable energy transition globally, by delivering solar energy, wind energy, and energy storage projects at scale. We have created a next-generation global renewables platform and we seek to leverage its capabilities to deliver value for both our shareholders and our planet.

We are a global renewable energy platform, founded in 2008 and publicly traded on the Tel Aviv Stock Exchange since 2010. We develop, finance, construct, own and operate utility-scale renewable energy projects. We primarily generate revenue from the sale of electricity produced by our renewable energy facilities, pursuant to long-term PPAs. Our control over the entire project life cycle, from greenfield development to ownership and operations, enables us to deliver strong project returns and rapid growth. Furthermore, we distinguish ourselves through our diverse global presence and multi-technology capabilities, which allow us to strategically optimize our capital allocation between geographies and renewable technologies to deliver highly profitable projects at reduced risk. As of the Approval Date, our global portfolio of utility-scale, renewable energy projects included approximately 17.0 GW of multi-technology generation capacity and approximately 15.3 GWh of energy storage capacity, of which approximately 4.0 GW and approximately 2.1 GWh, respectively, are from Mature Projects.
 
We act as both a project developer and a power producer, controlling the entire project life cycle in between. Our successful track record and expertise in project development, having reached ready to build (“RTB”) status on projects with an aggregate capacity of over 3.5 GW globally (including projects developed by Clēnera prior to the Clēnera Acquisition) from our founding to the Approval Date, enables us to identify and deliver highly profitable projects. 
 
Since our founding in 2008, we have transformed into a global renewable energy platform, operating across 11 different countries on three continents and across multiple technologies. From a technological perspective, we develop wind energy and solar energy projects, as well as energy storage projects, both collocated with solar energy projects and on a standalone basis. From a geographical perspective, we operate at scale in nine different countries throughout Europe, in 17 U.S. states and in Israel. Our global platform includes what we believe are some of the largest onshore wind and solar projects across the United States, Western Europe, CEE and Israel, which are either operational, under construction, pre-construction or with signed PPAs, highlighting our ability to identify and deliver projects of scale across our global platform. In August 2021, we established our operations in the United States through the acquisition of Clēnera, a U.S.-based greenfield developer of utility-scale solar energy and energy storage projects, with a focus on the Western United States. Of our 4.0 GW of Mature Projects, 1.7 GW was located in the United States through Clēnera as of the Approval Date. 
**Note: Revenue and net income figures are for the 12 months that ended on Sept. 30, 2022.

(Note: Enlight Renewable Energy Ltd. filed its F-1 on Jan. 20, 2023; the company submitted confidential IPO documents to the SEC in July 2022.) 

Industry: ELECTRIC SERVICES - RENEWABLE ENERGY
Employees: 217
Founded: 2008
Contact Information
Address 13 Ha'Amal St. Afek Industrial Park, Rosh Ha’ayin, Israel
Phone Number 972 (3) 900-8700
Web Address https://www.enlightenergy.co.il/
View Prospectus: Enlight Renewable Energy Ltd.
Financial Information
Market Cap
Revenues $166.34 mil (last 12 months)
Net Income $35.27 mil (last 12 months)
IPO Profile
Symbol ENLT
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers J.P. Morgan/ BofA Securities/ Barclays/ Credit Suisse/ Wolfe Nomura/ Roth Capital Partners
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change