Enlight Renewable Energy .(ENLT)

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Enlight Renewable Energy .(ENLT) - 2024 Q3 - Earnings Call Presentation
2024-11-13 16:23
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 ...
Enlight Renewable Energy .(ENLT) - 2024 Q3 - Quarterly Report
2024-11-13 11:10
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 ...
Enlight Renewable Energy Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-13 11:01
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 ...
Enlight to Host an Investor Event on Tuesday, November 19, 2024
GlobeNewswire News Room· 2024-11-12 19:00
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 ...
Enlight to Report Third Quarter 2024 Financial Results on Wednesday, November 13, 2024
GlobeNewswire News Room· 2024-10-28 10:00
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 ...
Enlight Announces the Full Commencement of Commercial Operation of the Solar & Storage Cluster in Israel
GlobeNewswire News Room· 2024-10-14 10:00
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 ...
The Atrisco Solar & Storage Project Has Commenced Commercial Operations
GlobeNewswire News Room· 2024-09-11 10:01
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 ...
Enlight Announces the Commencement of Commercial Operations at the Tapolca Solar Project in Hungary
GlobeNewswire News Room· 2024-08-18 10:01
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 ...
Enlight Renewable Energy .(ENLT) - 2024 Q2 - Earnings Call Presentation
2024-08-07 13:48
enlight EARNINGS PRESENTATION S e c o n d Q u a r t e r 2024 Legal disclaimer 2 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 conta ...
Enlight Renewable Energy .(ENLT) - 2024 Q2 - Earnings Call Transcript
2024-08-07 13:47
Financial Data and Key Metrics Changes - Revenue for the first half of 2024 grew 42% to $175 million compared to the same period in 2023, while Adjusted EBITDA increased 33% to $126 million [5] - For Q2 2024, revenue was up 61% to $85 million, and Adjusted EBITDA grew 39% to $58 million, although net income decreased to $9 million from $22 million due to inflation indexation impacts [6][19] - Cash flow from operations rose to $56 million, up 42% year-over-year [21] Business Line Data and Key Metrics Changes - The U.S. projects contributed significantly to revenue growth, with 12 new projects starting to sell electricity, including Genesis Wind and the Israel Storage and Solar Cluster [18] - Gecama's revenues increased 37% year-over-year to $13 million, benefiting from positive pricing and production trends [19] Market Data and Key Metrics Changes - The U.S. electricity demand is rising rapidly, with two-thirds of the growth attributed to data centers, AI, and electric vehicles, leading to higher PPA prices [8] - Spanish electricity prices are currently in the €60 to €70 range, positively impacting the financial performance of Gecama [10] Company Strategy and Development Direction - Enlight is executing a major expansion plan, aiming to triple its global generation and storage capacity to 5.4 GW and 5.9 GWh by 2027 [7] - The company is focusing on diversifying its supply chain and pursuing domestic content qualifications in light of the current U.S. regulatory environment [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the U.S. market's potential for rapid growth, citing favorable equipment costs and rising PPA prices [12] - The company raised its full-year 2024 guidance for revenues to $345 million to $360 million and for EBITDA to $245 million to $260 million, reflecting strong operational performance [22] Other Important Information - Enlight completed construction on 0.5 GW and 1.4 GWh of capacity in 2024, including the Atrisco Solar and Energy project [7] - The company has secured $407 million in financing for the Atrisco Energy Storage project, completing the financing for the entire complex [21] Q&A Session Summary Question: How much of your capacity planned for completion through 2027 is uncontracted? - Most projects are contracted, but the advanced development portfolio is completely uncontracted, with expectations for PPA prices to remain stable or increase [25][27] Question: Where are you in the procurement process for Quail Ranch, Roadrunner, and Country Acres? - The company has secured a reliable supply of panels from non-AD/CVD impacted countries, with current prices lower than at the beginning of 2023 [29] Question: Can you confirm on the unlevered returns? - The tax equity adder for domestic content is not included in the current model, representing an upside potential [35] Question: Can you elaborate on the Interconnection Q reform for CO Bar in Arizona? - The company is awaiting clarity on the regulatory order and expects to receive it in the coming months [41][42] Question: What is the potential capacity in the advanced development portfolio? - The advanced development portfolio could include about 4 GW of generation and up to 14 GW of storage capacity [44]