Enlight Renewable Energy (NASDAQ: ENLT ) is an Israeli company operating as an IPP and developer, with a portfolio of 2.39 GW of wind and solar assets and 589 MWh of storage capacity distributed across Israel, Europe, and thePrivate investors and former financial advisor specializing in researching growth companies. Articles published will cover both American and European companies up to a maximum capitalization of $15B and will be done with a fundamental analysis focus. The page is intended to focus on sma ...

Financial Data and Key Metrics - Revenue for the first nine months of 2024 grew 56% to $285 million compared to the same period in 2023 [7] - Adjusted EBITDA for the first nine months of 2024 grew 50% to $214 million [7] - Net income for the first nine months of 2024 dropped to $58 million, but excluding one-off items, it grew by 17% to $56 million [7] - Cash flow from operations for the first nine months of 2024 rose by 25% to $158 million [7] - Q3 2024 revenue increased 88% to $109 million, driven by strong operational performance and new project additions [8] - Q3 2024 adjusted EBITDA grew 86% to $88 million [8] - Q3 2024 net income was $24 million, but excluding one-off items, it grew by 114% to $26 million [8] - Q3 2024 cash flow from operations rose 115% to $66 million [8] - The company raised its 2024 revenue guidance to $355 million-$370 million and adjusted EBITDA guidance to $255 million-$270 million, representing a $10 million increase at the midpoint for both metrics [42] Business Line Data and Key Metrics - The company added 500 megawatts of new generation capacity and 1.5 gigawatt-hours of energy storage capacity to its operational portfolio over the past nine months [10] - The Atrisco solar and energy storage project in New Mexico, along with other projects in Europe and MENA, are expected to contribute $105 million in revenue and $80 million in EBITDA in 2025 [11] - Construction has begun on 810 megawatts of generation and over 2 gigawatt-hours of storage at three additional US projects, expected to contribute $137 million in revenue and $110 million in EBITDA annually when fully operational [11] - The Snowflake A project, with 600 megawatts of solar and 1.9 gigawatt-hours of energy storage, is expected to begin construction in mid-2025 [14] - European projects saw a 24% increase in revenue this quarter, driven by strong market conditions and high electricity prices in Spain [16] - MENA region revenue grew 223% this quarter, fueled by the expansion of Solar & Storage Clusters and the Genesis Wind farm [17] Market Data and Key Metrics - The US market is experiencing soaring electricity demand, driven by data centers, AI, and electric vehicles, with data centers expected to consume 12% of the country's electricity output by 2030 [12] - PPA prices in the US remain high, reflecting strong returns for the company's projects [13] - In Europe, Spanish electricity prices reached their highest points this year, with 65% of Gecama's 2024 generation hedged at €100 per megawatt-hour [16] - In MENA, the company achieved COD at three new solar and storage projects, completing a 12-site Solar & Storage Cluster with a total capacity of 248 megawatts and 625 megawatt-hours [17] Company Strategy and Industry Competition - The company is focused on expanding its global generation and energy storage capacity, aiming to triple its capacity by 2027, reaching 6 gigawatts of generation and 7.6 gigawatt-hours of energy storage [12] - The company is leveraging strong offtake demand, low equipment costs, and declining interest rates to drive high returns on its projects [15] - The company is converting its large development portfolio into mature-phase projects, driving higher revenues and profits [19] - The company is securing growth beyond 2027, with projects like Snowflake A and a robust development pipeline [14][72] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong demand for electricity in the US, driven by data centers, AI, and electric vehicles, as a key driver of growth [12] - The company expects regulatory changes to impact electricity prices more than project deployment or returns [13] - Management expressed confidence in the company's ability to navigate potential changes in US tax incentives, citing strong project fundamentals and demand [44][45] - The company is optimistic about its ability to secure financing for projects like Snowflake, given the strong fundamentals and attractive returns [63] Other Important Information - The company raised $133 million in gross proceeds from debt issuance in Israel, with an effective yield of 6.3% and a duration of 3.7 years [40] - The company has $320 million in undrawn revolving credit facilities [41] - The company received $10 million in compensation from Siemens for inadequate turbine performance at the Björnberget project in Sweden [39] Q&A Session Summary Question: Impact of potential changes to US tax incentives (IRA) on project development [43] - The company believes that strong electricity demand and high-quality projects will continue to drive growth, even if tax incentives change [44][45] - The company has been safe-harboring projects to ensure they qualify for ITC/PTC, with a focus on long-term project fundamentals [48][49] Question: Delays in the CO Bar project and progress on Snowflake [50] - The CO Bar project is delayed due to complexities in the interconnection process, but the company is confident in the new timeline [54][55] - Snowflake is ahead of schedule and not affected by the same interconnection issues, with all necessary permits and agreements in place [57] Question: Flexibility in PPA terms if interest rates rise or tax incentives are removed [60] - The company has a track record of amending PPAs to adjust for external factors like tariffs or regulations, and utilities have been cooperative in the past [60] Question: Equity needs and financing for Snowflake [61] - The company expects to finance Snowflake with minimal equity, leveraging its strong project fundamentals and attractive returns [62][63] Question: US growth contribution to overall EBITDA by 2027 [66] - The US is expected to contribute around 15% of total EBITDA in 2025, with increasing dominance in the following years due to the size and capacity of US projects [66] Question: Development portfolio beyond 2027 and opportunities in PJM [71][74] - The company has a deep development portfolio with 30 gigawatts of projects across various phases, ensuring long-term growth [72] - PJM remains a focus area, but the company is currently prioritizing development over capital recycling [75]

Earnings Presentation Third Quarter 2024 November 2024 Legal disclaimer This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in ...

Exhibit 99.1 Press Release ENLIGHT RENEWABLE ENERGY REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted TEL AVIV, ISRAEL, November 13, 2024 – Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the third quarter ending September 30, 2024. The Company's earnings conference call and webcast will be held today at 8:00 AM ET. Registration links to both the call and the webcast can be ...

All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted TEL AVIV, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the third quarter ending September 30, 2024. The Company’s earnings conference call and webcast will be held today at 8:00 AM ET. Registration links to both the call and the webcast can be found at the end of this earnings release.  The entire suite of the Company’s 3Q24 ...

TEL AVIV, Israel, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”, "the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced today that it will host an Investor Event at the Tel Aviv Stock Exchange on Tuesday, November 19, 2024.  Gilad Yavetz, Co-founder and CEO, as well as additional members of Enlight’s executive leadership team will speak about the Company’s performance, projects, strategy, and growth plans across its business segments. Prepared rem ...

TEL AVIV, Israel, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, today announced it will release its financial results for the third quarter ended September 30, 2024, before market open on Wednesday, November 13, 2024. Conference Call Information Enlight will host a conference call to review its financial results and business outlook at 8:00 AM ET on Wednesday, November 13, 2024. Management will deliver prepare ...

The Cluster includes 12 facilities, with a combined solar generation capacity of 254 MW and energy storage capacity of 594 MWh, and produces over 50% of the clean electricity in Israel's newly deregulated power market Distributed generation facilities located in northern and southern Israel strengthen the energy and economic security of the agricultural communities involved in the Cluster TEL AVIV, Israel, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", "the Company", NASDAQ: ENLT, TA ...

TEL AVIV, Israel, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", "the Company", NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announces the initial start of commercial operations at its Atrisco Solar & Energy Storage project ("Atrisco", "the Project") outside Albuquerque, New Mexico. The Project consists of 364 MW solar generation capacity and 1.2 GWh of energy storage capacity, and was developed and built by Enlight's U.S. subsidiary Clenera. The Solar generati ...

The Project incorporates 60 MW of solar generation capacity, and cost $48 million to construct Tapolca is Enlight's fifth project in Hungary, bringing the Company to a total of 144 MW of operating generation capacity in the country TEL AVIV, Israel, Aug. 18, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", "the Company", NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announces the commencement of operations at the Tapolca solar project ("the Project") in Hungary, which has a ...