Enlight Renewable Energy Business Summary

Enlight Renewable Energy Ltd. (ENLT) operates as a global independent power producer (IPP) specializing in the development, financing, construction, and long-term operation of utility-scale renewable energy projects. The company generates revenue primarily through the sale of electricity under long-term Power Purchase Agreements (PPAs) and the monetization of renewable energy tax credits, particularly in the United States. Its business is organized into three primary geographical segments: the U.S.A., Europe, and MENA (primarily Israel), with a diversified technological portfolio spanning onshore wind, solar photovoltaic (PV), and advanced battery energy storage systems (BESS). Enlight competes directly with other major renewable platforms such as Energix Renewable Energies, Clearway Energy, Ormat Technologies, and Doral Group, positioning itself as a high-growth, vertically integrated player with a massive 20.4 GW generation and 58.1 GWh storage pipeline. The company’s leadership is anchored by its founding team and seasoned global executives. Co-founder Gilad Yavetz, who led the company from its 2008 inception through its 2023 Nasdaq IPO, currently serves as Executive Chairman, while Adi Leviatan assumed the role of CEO in October 2025. Leviatan brings a high-pedigree background from 3M, where she was President of the Abrasive Systems Division, and McKinsey & Company, where she served as a Partner for over 14 years. Other key leaders include Co-founder and Chief Innovation Officer Amit Paz and CFO Nir Yehuda. The company is backed by a robust roster of institutional investors, including the Canada Pension Plan Investment Board (CPPIB), Goldman Sachs, and Shlomo Eliahu Holding Ltd, with a board of directors featuring prominent financial figures like Vice Chairman Yair Seroussi, the former Chairman of Bank Hapoalim.