The story
Enlight Energy was founded by Gilad Yavetz, Zafrir Yoeli and Amit Paz. The company joined the Tel Aviv Stock Exchange in June 2010 through a reverse merger with Sahar Investments Ltd. Sahar, which prior to the merger was a shell company belonging to Shaul Elovitch's Eurocom Group, subsequently changed its name to Enlight Renewable Energy Ltd.
In 2013 the company received approvals for the Halutziot solar site with 55 MW of capacity. The project entered operation in 2015 and, at the time, was Israel's largest solar project. In 2023 the company repowered and expanded the complex, adding Halutziot 2 with 32 MW of solar and 66 MWh of energy storage. In 2018 the company obtained approvals for Genesis Wind (Emek HaBacha) in the Golan Heights, and commercial operations began in 2023 with 39 turbines totaling 207 MW.
In June 2021 the company acquired a 90.1 percent stake in the U.S. solar and storage developer Clēnera, at a company value of up to US$433 million. In August 2022 the company and NewMed Energy signed a memorandum of understanding for a joint venture to develop renewable energy projects, including solar, wind and energy storage, in Morocco, the United Arab Emirates, Bahrain, Oman, Saudi Arabia, Egypt and Jordan. In February 2023 the company was added to the TA-35 Index on the Tel Aviv Stock Exchange. In 2024 the company broadened its downstream activities in Israel, launching a residential supply joint venture with Electra Power and establishing Enlight Local for distributed energy serving municipalities, commercial clients and agri solar sites.
In February 2023, Enlight completed an initial public offering of its ordinary shares in the United States and was listed on Nasdaq under the symbol ENLT. Over the years the company expanded from Israel into the United States and multiple European markets, including Spain, Sweden, Croatia, Serbia, Ireland, Hungary and Poland. The group is currently organized into three geographic divisions: United States, Europe and MENA (Middle East, north Africa), together with an execution division and corporate headquarters units.
In February 2024, Enlight acquired 80% of Aria, an Israeli renewable energy company focused on non utility solar and storage (municipal rooftops and agri solar). In February 2025 the company won two sites in Israel's first high voltage energy storage availability tender, securing a combined 300 MW (AC) of grid connection that enables roughly 1.3 to 1.9 GWh of storage. In March 2025 the company won an Israel Land Authority tender to develop an integrated 100 MW data center and a solar facility in the Ashalim region. In August 2025 the company completed a private placement of approximately NIS 1 billion and signed financing agreements totaling about US$403 million to support its U.S. growth plans.
On 1 October 2025, founder Gilad Yavetz transitioned from CEO to Executive Chairman, and Adi Leviatan was appointed CEO.
S&P Global Commodity Insights ranked Enlight as the 5th largest developer of utility-scale solar and storage projects in the United States by pipeline capacity.
From Wikipedia’s article on Enlight Renewable Energy, shared under CC BY-SA 4.0.8