Key Takeaways
- Enlight Renewable Energy reported second-quarter 2026 total revenues and income of $210 million, up 55% year-over-year.
- Adjusted EBITDA reached $160 million, versus $96 million a year earlier; excluding a roughly $17 million asset-sale gain, Adjusted EBITDA was $142 million, up 50%.
- First-half revenues and income totaled $409 million, also up 55%, with H1 Adjusted EBITDA of $314 million.
- The company raised full-year 2026 guidance to $790-$820 million in revenue and income and $565-$585 million in Adjusted EBITDA.
- Enlight closed a $2.6 billion financing for its CO Bar complex, the largest in its history, and began building energy storage projects in Germany and Finland.
Enlight Renewable Energy reported sharply higher second-quarter 2026 results and raised its full-year outlook, citing strong project performance and an expanding energy storage business. Total revenues and income rose 55% year-over-year to $210 million, with gains across all of the company’s operating regions.
Inside Enlight’s second-quarter results
Adjusted EBITDA climbed to $160 million from $96 million a year earlier. Excluding an approximately $17 million gain from a follow-on stake sale in the Sunlight cluster, Adjusted EBITDA was $142 million, a 50% increase. For the first half of 2026, revenues and income reached $409 million, up 55%, with Adjusted EBITDA of $314 million. The company said higher European electricity prices, solid operational performance and a weaker U.S. dollar all contributed.
“We are concluding another quarter of strong growth and consistent execution, with revenue increasing by 55%, significant improvements in profitability and cash flow generation, and robust performance across all of our operating regions,” said Adi Leviatan, CEO of Enlight Renewable Energy. “Our first-half results, together with the continued advancement of projects under construction and the expansion of our energy storage business, enable us to raise our 2026 revenue and Adjusted EBITDA guidance.”
Enlight lifts full-year guidance
The company increased its 2026 guidance to $790-$820 million in revenues and income, up from $755-$785 million, and to $565-$585 million in Adjusted EBITDA, from $545-$565 million. Management said the growing contribution of its electricity-trading operations in Israel, which carry lower margins, explains why the revenue increase outpaced the Adjusted EBITDA increase.
Storage build-out expands
During the quarter, Enlight began construction on the Bertikow storage project in Germany (881 MWh) and acquired and started two storage projects in Finland with a combined 902 MWh, targeting commercial operation in the first half of 2028. The company also completed a $2.6 billion financing for its CO Bar complex, which it called the largest in its history and a sign of confidence from its financial partners. Enlight’s mature portfolio of operating, under-construction and pre-construction projects now totals 12.3 factored gigawatts, roughly half of it in the United States.
