Enlight Renewable Energy Ltd. operates as an independent power producer (IPP) and developer focused on utility-scale renewable energy projects. The company manages the entire project lifecycle, including the initiation, development, financing, construction, and operation of solar, wind, and energy storage facilities. Enlight's business model centers on generating stable, long-term cash flows by selling the electricity produced at its facilities to local electricity authorities, utilities, and corporate offtakers under long-term power purchase agreements (PPAs) that typically span 10 to 30 years.
The company organizes its operations geographically, reporting across the United States, Europe, and MENA (Middle East and North Africa) segments. Historically, the European segment has been a major contributor to the company's electricity sales, though recent expansions have significantly increased the revenue contribution from the United States, which became its largest geographic revenue contributor by early 2026. In addition to direct electricity sales, Enlight derives income from tax benefits associated with its U.S. renewable energy projects.
The company's portfolio includes major utility-scale wind farms and solar-plus-storage sites. Furthermore, Enlight has broadened its downstream activities in Israel by launching a residential supply joint venture and establishing distributed energy services for municipalities, commercial clients, and agrivoltaic (agro-solar) sites. By maintaining ownership of its developed assets, Enlight captures value across the entire renewable energy value chain.
