Enlight Renewable Energy Reports 316% Surge in Net Income in Q1 2025

Enlight Renewable Energy Ltd. has posted strong first-quarter 2025 results, showcasing major year-over-year gains across revenue, income, and operational metrics. The company reported $130 million in revenue—a 39% increase from Q1 2024—and $132 million in adjusted EBITDA, up 84%. Net income climbed 316% to $102 million, bolstered by the $52 million sale of a 44% stake in its Sunlight renewable energy cluster in Israel. Enlight also generated $44 million in operating cash flow and successfully navigated U.S. tariff impacts through strategic procurement.

“Enlight showed strong financial results for 1Q25, including 84% growth in Adjusted EBITDA and a 316% rise in net profit,” said Gilad Yavetz, CEO of Enlight Renewable Energy.

“The introduction of U.S. tariffs underscores how Enlight’s diversified procurement strategy in this market over the past two years has proven itself, effectively shielding us from cost increases. As a result, our U.S. projects now under construction, with total capex of $1.7bn, have no solar panel exposure under the current tariff policy. Selecting Tesla as our primary storage supplier further strengthens this position – its substantial levels of U.S. manufacturing offer greater tariff protection than other battery suppliers.

“Securing $1.8bn in financing over recent months marks a significant milestone, and was achieved through three financial closings, a sale of a stake in the Sunlight cluster to institutional investors, and a successful bond issuance. This funding will enable the launch of our aggressive plan to begin construction on 4.7 FGW of capacity in 2025. Combined with our existing operating portfolio, these projects represent 90% of the capacity required to reach an annual revenue and income run rate of $1.4bn by 2027.”