All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted TEL AVIV, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (NASDAQ:ENLT, TASE: ENLT))) today reported financial results for the second quarter ending June 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 2Q24 fina ...

Exhibit 99.1 Press Release ENLIGHT RENEWABLE ENERGY REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted TEL AVIV, ISRAEL, August 7, 2024 – Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the second quarter ending June 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 ...

Core Insights - Enlight Renewable Energy Ltd. has successfully closed financing for the Energy Storage portion of its Atrisco Solar and Energy Storage project, which combines 364 MW of solar generation capacity with 1.2 GWh of battery storage capacity, expected to reach full Commercial Operation Date (COD) later this year [1][9]. Financing Details - The financing includes a loan agreement totaling $401 million with a consortium of eight global banks led by HSBC, which will convert into a $185 million term loan and $222 million in tax equity financing upon project COD [2][10]. - The term loan has a 20-year amortization profile with a 5-year mini perm and an all-in interest rate of 5.6% to 5.9% [2]. Financial Projections - The total project cost for Atrisco is $827 million, with $290 million in term debt and $420 million in tax equity, covering 86% of the total cost, while Enlight's long-term equity investment amounts to $117 million [9][11]. - Expected revenues for the Atrisco Energy Storage project in its first full year are projected to be between $32 million and $34 million, with expected EBITDA between $27 million and $29 million [4][5]. Future Growth and Expansion - Enlight plans to recycle $234 million of equity back to its balance sheet for future growth, with Atrisco being the second of several major solar and energy storage projects planned in the U.S. [3][6]. - The share of U.S. generation capacity within Enlight's total installed base is expected to rise from 5% at the end of 2023 to 59% by the end of 2026, indicating significant expansion in the U.S. renewable energy market [6]. Project Characteristics - Atrisco is located on a desert plateau with high solar irradiation and spans approximately 1,700 acres, expected to provide clean electricity equivalent to the average annual consumption of about 110,000 New Mexico households [13]. - The project construction was led by RES, and the battery energy storage system was provided by Tesla, showcasing collaboration with leading industry players [13].

Atrisco is located on a desert plateau with extremely high solar irradiation and is sized at approximately 1,700 acres. The project construction was led by RES, one of the leading EPC contractors in the U.S., and the battery energy storage system provided by Tesla. Atrisco is expected to provide clean electricity equivalent to the average annual consumption of approximately 110,000 New Mexico households through a 20-year busbar PPA agreement with Public Service Company of New Mexico covering both electricit ...

TEL AVIV, Israel, July 19, 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 second quarter ended June 30, 2024, before market open on Wednesday, August 7, 2024. Enlight will host a conference call to review its financial results and business outlook on Wednesday, August 7, 2024. Management will deliver prepared remarks followed by a question-and-answer session ...

Core Viewpoint - Enlight Renewable Energy is set to release its financial results for Q2 2024 on August 7, 2024, before market opening, highlighting its ongoing growth in the renewable energy sector [5]. Group 1: Company Overview - Enlight was founded in 2008 and focuses on developing, financing, constructing, owning, and operating utility-scale renewable energy projects [3]. - The company operates in the three largest renewable segments: solar, wind, and energy storage, with a global presence in the United States, Israel, and nine European countries [3]. - Enlight has been publicly traded on the Tel Aviv Stock Exchange since 2010 and completed its US IPO on NASDAQ in 2023 [3]. Group 2: Financial Results Announcement - The financial results for the second quarter ended June 30, 2024, will be announced before the market opens on August 7, 2024 [5]. - A conference call will be held to review the financial results and business outlook, featuring prepared remarks from management followed by a Q&A session [4].

TEL AVIV, Israel, July 01, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (("Enlight", "the Company", NASDAQ:ENLT, TASE: ENLT.TA)), a leading global renewable energy platform, today announced the release of its 2023 Sustainability report. The report provides an update on Enlight's environmental, social, and governance policies, initiatives, and performance. As an example, amongst the many aspects of the Company's activities featured in the report, Enlight contributed to the avoidance of 1.4 million tonne ...

Financial Data and Key Metrics Changes - The company's revenue increased to $90 million, up 27% year over year from $71 million, driven by new operational projects despite lower electricity prices in Spain [36][85] - Adjusted EBITDA grew by 28% to $68 million compared to $54 million in the same period last year [66][85] - Net income declined by 26% to $24 million from $33 million last year due to unusually high finance income in 2023 [66][85] Business Line Data and Key Metrics Changes - The Gecama project generated approximately $20 million in revenues, but its contribution fell 6% year over year due to lower Spanish power prices [6] - In Israel, 7 of the 12 solar plus storage cluster units are now operational, contributing $3 million, compared to none in the same period last year [14] - The Atrisco project in New Mexico is on schedule, with the solar component expected to reach COD in Q3 and the storage part in Q4 [8][33] Market Data and Key Metrics Changes - European energy prices are normalizing, leading to more attractive project acquisition opportunities [3] - In Spain, the average selling price of power was €65 per MWh this quarter, down from €85 per MWh in the same period last year [6] - The U.S. market is experiencing rising power demand, particularly from data centers, which is expected to drive PPA pricing higher [4][86] Company Strategy and Development Direction - The company plans to triple its generation and storage capacity to 5.1 GW and 5.7 GWh by 2026 [2] - The focus is on executing a robust project portfolio, with several projects expected to start construction in 2024 totaling 810 MW and 2.0 GWh [8][76] - The company is exploring M&A options related to the increasing electricity demand from data centers [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational track and the ability to meet construction timelines for major projects [46] - The company does not expect lower merchant prices to impact its financial outlook for 2024, with a resilient strategy in place [65] - Long-term power prices in Europe remain high, reflecting attractive returns for the operational and development portfolio [68] Other Important Information - The company reached financial close on two smaller projects in Hungary, recovering $29 million of excess equity invested [3] - Equipment prices for solar panels and batteries have fallen by 30% to 35% since the beginning of 2023, contributing to improved project returns [8][34] - The company has $325 million of revolving credit facilities available, none of which have been drawn [37] Q&A Session Summary Question: Changes in module supply due to AD/CVD case - Management noted that the market remains stable in terms of supply and pricing, with a focus on increasing U.S. content [16][17] Question: Timing for securing domestic content adder - The company is aligning projects to benefit from domestic content, expecting to secure the adder by 2027 [19] Question: Participation in RFPs from data centers - Management indicated that they are exploring opportunities related to increased demand from utilities driven by data centers [42][43] Question: Expectations for bottlenecks in project execution - Management expressed confidence in their operational and procurement decisions to avoid bottlenecks [46][47] Question: Impact of low merchant pricing in Spain - Management reassured that even with a 50% reduction in merchant prices, EBITDA would only drop by 2% from the midpoint of guidance [65][49] Question: Availability of tax equity for U.S. development pipeline - Management indicated strong demand for tax equity due to long-term PPAs and a solid project profile [51]

Exhibit 99.1 Press Release ENLIGHT RENEWABLE ENERGY REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted TEL AVIV, ISRAEL, May 8, 2024 – Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the first quarter March 31, 2024. The Company's earnings webcast will be held today at 8:00 AM ET. A link to this webcast can be found at the end of this earnings release. The entire suite of the ...

Washington, D.C. 20549 FORM 20-F (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...