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]