Enlight Renewable Energy is an Israeli-founded global renewable energy company that develops, builds, owns, and operates utility-scale solar, wind, and battery energy storage (BESS) projects. Enlight operates across three geographic segments — Israel (MENA), Europe, and the U.S. — with roughly 2.9 GW of operational generation capacity and 3.4 GWh of operational storage capacity across 14 countries. The U.S. business is operated through Clenera, a Boise, Idaho-based subsidiary acquired in 2021, and focuses on solar-plus-storage projects in the Western U.S. Enlight sells electricity primarily to electric utilities under long-term power purchase agreements (PPAs), typically 20-25 years, with about 85% of operational capacity contracted. In Israel, Enlight also sells directly to commercial and industrial customers through its Enlight Enterprise unit. In the U.S., Enlight monetizes federal tax credits under the Inflation Reduction Act by selling them to tax equity investors, which is a meaningful revenue contributor. Each project is financed with non-recourse project-level debt, typically covering 60-70% of project cost. Enlight's vertically integrated model — developing projects in-house from greenfield through construction and into operations — is central to its strategy. Growth is driven by converting a 20.6 GW development pipeline into operational capacity, with management targeting roughly 12-13 GW of operational capacity by end of 2028.