ACEN has gained complete ownership of its joint venture (JV) with UPC Renewables in India through its subsidiary, ACEN Renewables International. The strategic acquisition consolidates ACEN's renewable energy platform in India, providing the company with full control of a 1,059MW-direct current portfolio. This portfolio includes three renewable projects currently under construction and in advanced development stages in Rajasthan and Karnataka, along with a pipeline of nearly 7GW of potential projects in ...

Core Insights - Enlight Renewable Energy has signed an agreement to acquire a majority stake in Project Jupiter, a large-scale solar and energy storage project in Germany, in partnership with Prime Capital AG [1][3] - The project will feature up to 150 MWp of solar generation capacity and 2,000 MWh of energy storage capacity, with a secured grid connection of up to 500 MW, expected to reach Ready to Build by late 2026 [2] Investment Details - The total investment for Project Jupiter is projected to be between EUR 470 million and EUR 500 million, with expected average revenue of approximately EUR 85 to 90 million and EBITDA of EUR 70 to 80 million during the first five years of operation [2] - Enlight is expected to acquire between 51% to 60% of the shares in Project Jupiter, while Prime Capital's fund will hold the remaining shares [1][2] Strategic Partnerships - This transaction builds on the long-standing cooperation between Enlight and Prime Capital, which began in 2019, including a joint investment in the 372 MW Björnberget wind farm in Sweden [3] - Enlight has committed EUR 50 million to Prime Capital's energy infrastructure fund, PGEIF II, which has a total target size of approximately EUR 1 billion, and has received substantial co-investment rights in additional projects [4] Market Position - The CEO of Enlight highlighted that Project Jupiter aligns with the company's strategic focus on energy storage in Europe and strengthens its portfolio in Germany, a key renewable energy market [5] - Prime Capital's Head of Infrastructure emphasized the collaboration's potential to accelerate Europe's energy transition and create sustainable growth [5]

Core Viewpoint - Enlight Renewable Energy is set to release its financial results for Q4 and the full year ending December 31, 2025, on February 17, 2026, before market opening [1] Financial Results Release - The earnings release and additional investor materials will be available on the company's website prior to the conference call [2] - CEO Adi Leviatan and management will discuss the financial results and business outlook during the conference call, which will include a Q&A session [2] Conference Call Details - The English conference call will take place at 8:00 AM Eastern Time / 3:00 PM Israel Time [2] - Pre-registration is required to join the live conference call, and participants will receive a dial-in number and unique PIN upon registration [3] Webcast Information - A live webcast in Hebrew will be held at 6:00 AM Eastern Time / 1:00 PM Israel Time [4] - Pre-registration is also required for the Hebrew webcast [4] Company Overview - Enlight, founded in 2008, develops, finances, constructs, owns, and operates utility-scale renewable energy projects across solar, wind, and energy storage sectors [4] - The company operates in the United States, Israel, and 11 European countries, and has been publicly traded on the Tel Aviv Stock Exchange since 2010, completing its U.S. IPO in 2023 [4]

Core Insights - Exus Renewables North America has closed a $400-million senior secured corporate credit facility to fund the development and expansion of its renewable energy portfolio [1] - The company currently has over 700 MW of renewable energy assets in operation or under construction, with an additional 4.5 GW in active development [1] - The financing will support development-stage expenditures, including interconnection deposits, commercial offtake, and equipment procurement [1] Company Overview - Exus Renewables North America focuses on developing, repowering, and managing renewable energy assets to drive sustainable growth in the renewable energy sector [1] - The company operates from offices in Pittsburgh, New York, and Albuquerque, with a total portfolio exceeding 5.8 GW [1] Market Position - The company is well-positioned to meet the growing energy demands from data centers, manufacturers, and industrial operations across the nation [1] - Exus has secured major power purchase agreements with notable companies such as Google and Meta, reinforcing its market strength [1] Financing Details - The credit facility was arranged by Santander, Barclays Bank PLC, ING Capital LLC, and Nomura Securities International, Inc. as Coordinating Lead Arrangers [1] - KeyBanc Capital Markets Inc. and BHI, Bank Hapoalim's US commercial banking arm acted as Joint Lead Arrangers, with additional roles played by various financial institutions [1]

Core Insights - Westbridge Renewable Energy Corp is expanding its data centre portfolio with a new project in Alabama, aimed at diversifying its asset base and addressing the growing demand for AI-ready data centres [1][2] - The Alabama Data Centre Project is strategically located near major fibre routes and renewable energy sites, providing reliable power and low-latency connectivity [2] - The company aims to integrate renewable energy assets with data processing facilities, positioning itself at the intersection of renewable energy and artificial intelligence [3] Company Strategy - The expansion into Alabama aligns with Westbridge's long-term vision of creating a diversified platform that supports renewable energy transition and digital technologies [4] - The company is advancing a pipeline of solar, battery energy storage, and data centre projects across North America, focusing on locations with grid capacity and fibre connectivity [4] Market Position - Westbridge operates in four key jurisdictions: Canada, the U.S., the U.K., and Italy, delivering long-term returns through an international portfolio of renewable energy assets [5] - The company has a strong track record with over 40 development projects worldwide, providing investors access to early-stage greenfield solar and energy storage projects [5]

Company Overview - Blackstone Inc. is pursuing the acquisition of Zelestra's Indian operations, with equity and enterprise values estimated at $184 million and $421 million respectively [1][4] - Zelestra, supported by EQT, has engaged JP Morgan for this transaction, referred to as Project Orange [1][4] - Zelestra has been operational in India since 2015 and currently has a capacity of 600 megawatts (MW), with an additional contracted portfolio of 2 gigawatts (GW), of which 1.5 GW is under construction [2][5] Industry Context - The renewable energy sector in India is experiencing significant growth, with an installed capacity of 245 GW, including 116 GW from solar and 52 GW from wind [7] - India's strategy aims to add 50 GW of green energy capacity annually to reach 500 GW by 2030, with long-term goals of 1,800 GW by 2047 and 5,000 GW by 2070 [7] - The C&I segment in India is attracting strong investor interest due to favorable regulations allowing large power users to source energy from the open market [5] Investment Landscape - Blackstone has invested $50 billion in India across various sectors, indicating a strong commitment to the Indian market [3] - The recent sale of O2 Power for an enterprise value of $1.47 billion highlights the active M&A landscape in the renewable energy sector [4] - Global strategic investors are showing interest in India's renewable energy market, with expectations of a more balanced risk-reward equation as market volatility subsides [6]

Core Insights - Statkraft, Europe's largest producer of renewable energy, is divesting its renewable energy development activities in the Netherlands to Greenchoice, which will acquire a solar portfolio of 120 MWp and a skilled team [1][2][3] Group 1: Transaction Details - A share purchase agreement has been signed with Greenchoice for the acquisition of 120 MWp of operating solar power assets, along with a portfolio of solar, wind, and battery projects [2] - The closing of the transaction is expected in autumn this year [2] - The transaction aims to provide Greenchoice with a platform for further growth in renewable energy [1][3] Group 2: Company Statements - Statkraft's Executive Vice President for Europe, Barbara Flesche, expressed satisfaction with the sale, emphasizing the importance of providing new opportunities for the dedicated staff [1][3] - Flesche noted that Greenchoice shares a commitment to renewable energy and sustainability, which will contribute to the green energy transition in Europe [3] Group 3: Future Operations - Statkraft will continue its established market operations in the Netherlands despite scaling back on hydrogen projects [3] - The company remains a leading player in hydropower and renewable energy generation, with operations in over 20 countries and around 7,000 employees [4]

Financial Data and Key Metrics Changes - The company reported a revenue increase of 53% year-over-year, reaching $135 million, and adjusted EBITDA rose by 57% to $96 million [7][26] - Net income decreased to $6 million from $9 million in the same quarter last year, primarily due to a non-cash charge related to a foreign currency shareholder loan [7][28] - The company raised its full-year 2025 guidance, with revenues now expected between $528 million and $535 million, and adjusted EBITDA between $393 million and $400 million [7][30] Business Line Data and Key Metrics Changes - Revenue from electricity sales increased by 37% to $160 million, driven by newly operational projects [26][27] - New projects contributed $30 million to revenues from electricity sales, with significant contributions from projects in Israel and Europe [27][28] Market Data and Key Metrics Changes - Revenue distribution for the second quarter was 40% from Israel, 35% from Europe, and 25% from the U.S. [27] - The company is well-positioned in the U.S. market due to regulatory clarity and a supportive business environment, which is expected to drive accelerated growth [11][12] Company Strategy and Development Direction - The company aims for an annual revenue run rate of approximately $2 billion by 2028, which is about four times the expected revenue for 2025 [8] - The company is expanding its leadership team to support its growth strategy, with a new CEO set to take over in October [8][9] - The focus is on capitalizing on the growing demand for renewable energy, particularly in the U.S. and Europe, where energy storage opportunities are being pursued [10][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the positive market environment for renewable energy, driven by electrification trends and AI demand [10] - The company believes that project returns will remain attractive due to lower capital expenditures and higher power prices [11] - Management highlighted the importance of energy storage in Europe and Israel, where the company is expanding its projects significantly [13][14] Other Important Information - The company has secured $310 million in financing for the hybridization of the Hekama project in Spain, contributing to its expansion plans [29] - The company has raised $1.8 billion in project finance and $300 million from corporate debt and asset sales to support its growth strategy [29] Q&A Session Summary Question: Safe harbor and project completion timelines - Management confirmed that they have six gigawatts fully safe harbored, which accounts for the majority of their plans towards 2027, and they are well-positioned to accelerate projects if needed [35][36] Question: Supply chain and tariff impacts - Management stated that current projects will not be impacted by new tariff cases, and they have a diversified supply chain strategy to mitigate risks [40][41] Question: FX contributions to guidance - Management acknowledged that while FX has been a tailwind, the guidance increase is primarily due to strong operational performance [60] Question: Component costs and market adaptation - Management discussed that U.S. component costs are higher due to tariffs, but they expect gradual adaptation in the market [62] Question: ITC sales revenue contribution - Management clarified that the estimated tax benefit contribution has been adjusted to $70 million to $80 million for the year, slightly narrowing the previous range [67][68]

Portfolio Growth and Strategy - Magnora's project portfolio reached 8.0 GW, representing a 65% growth over the last twelve months and 7% growth in the last quarter[4] - The company completed its transition into a 100% renewable-energy company through the divestment of Hermana Holding ASA shares[4] - Magnora secured its first site in Germany and signed a Letter of Intention with a leading European infrastructure investor[4] - Magnora Italy strengthened its partnership and is scaling up for MACSE auctions, with over 450 MW of mid-stage development BESS projects positioned for auctions in 2026 and 2027[4] - Ongoing sales processes for approximately 250 MW of solar and 250 MW of wind projects in South Africa[4] Market Dynamics and Opportunities - Battery cost has decreased by 86% since 2013, driving BESS investments[6] - Investments are expected to raise electrical boiler capacity in Finland to over 1.5 GW, up from 0.5 GW currently[6] - Annual investments in Norway's data center sector up to 2030 are estimated at NOK 20-30 billion[6] - The EU is raising renewable targets to 45% and aims to eliminate Russian gas imports by 2027, driving demand for energy security[8] Financial Performance and Capital Allocation - The Group's cash and available credit facilities was NOK 373.4 million as of 30 June 2025[11, 66] - The company continues its capital distribution program with a quarterly return of paid-in share capital of NOK 11.9 million in Q2[14] - A new share buyback program was launched, allowing for the repurchase of up to 10% of the shares[14]

Core Points - Greenbriar Sustainable Living Inc. held its Annual General and Special Meeting of Shareholders on July 7, 2025, where all proposed resolutions were approved by shareholders [1][4] - Chris Harvey did not stand for re-election, creating a casual vacancy on the board, which was filled by Tommy Sullivan Jr. [1][2] - A total of 37,463,538 common shares were voted, representing 14.61% of the Company's common shares [1] Resolutions Approved - The number of directors for the ensuing year was set at six, with 99.96% votes in favor [1] - Election of directors J. Michael Boyd, Jeffrey J. Ciachurski, Daniel Kunz, and William Sutherland received 99.96% votes in favor [1] - Clifford M. Webb was elected with 98.23% votes in favor [1] - The appointment of the auditor was approved unanimously with 100% votes in favor [1] - The stock option plan was approved with 97.38% votes in favor [1] - Amendments to the Articles to create a new class of preferred shares were approved with 95.89% votes in favor [1] New Board Member Profile - Tommy Sullivan Jr. has extensive experience in infrastructure and real estate project financing, having built over 350 branch offices with over 7,000 agents in the mortgage industry, transacting up to USD 3.5 billion per month [5] - Sullivan Jr. has held various leadership roles in multiple companies, including Title Security Agency LLC and First Magnus Financial, and has been involved in numerous business ventures across different sectors [5][6] Company Overview - Greenbriar Sustainable Living Inc. is a leading developer focused on sustainable real estate and renewable energy, targeting high-impact projects aimed at enhancing shareholder value [7]