Enlight in advanced talks to acquire an energy developer for hundreds of millions of euros
Energy company Enlight is in advanced negotiations to acquire a European energy developer, primarily focused on the German market, in a deal valued at hundreds of millions of euros.
Energy company Enlight is set to significantly expand its operations in Europe. Calcalist has learned that the company, managed by Adi Levitan and chaired by Gilad Yavetz, is in advanced negotiations to acquire an energy developer active primarily in Germany, in a deal worth hundreds of millions of euros.
The target company holds major projects in Central Europe, with a strong focus on Germany. This move follows a transaction carried out last January, in which Enlight acquired control of the massive "Jupiter" project. In that deal, Enlight secured 51%-60% of the shares, while its partner, Prime Capital AG, held the remainder. The current negotiations are being led by Enlight's VP of Mergers and Acquisitions, Itai Banian.
Enlight is active in several European countries, including Spain, Sweden, Germany, Croatia, Serbia, Ireland, Poland, and Hungary, with recent expansions into Finland and Romania. In 2022, the company acquired 90% of the American firm Clenera for $390 million, establishing its US operational base.
Enlight is currently traded at a market value of 36 billion shekels, approximately 15% lower than its valuation last May. The company ended the first half of 2026 with $409 million in revenue, a 55% increase compared to the same period in 2025. Net profit stood at $69 million, while EBITDA reached $314 million, up from $227 million in the first half of 2025.
As of the end of the second quarter, Enlight holds a production capacity of 21.8 gigawatts and a storage capacity of 74.6 gigawatt-hours. Its mature backlog consists of 6.4 gigawatts of production and 20.5 gigawatt-hours of storage. Europe accounts for 34% of production capacity, while the US leads with 41% and Israel follows with 25%. The storage sector in Europe currently stands at 13%, a figure expected to rise following the new acquisition.
Last June, Enlight secured $2.6 billion in financing from seven US financial institutions for the CO BAR complex in Arizona. The company maintains that storage demand will grow dramatically as it bridges the gap between production capabilities and power grid transmission limits.
Enlight responded: "We do not usually comment on rumors. If an event occurs that requires reporting, we will act in accordance with the disclosure rules applicable to the company."
