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Enlight Reports Fivefold Net Profit Surge, Signs Major Google Deal, Raises Forecast

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First reported by Globes · 3 hours ago

What happened

Enlight Renewable Energy reported a fivefold increase in net profit in Q2 2026, driven by new US projects and signed a 15-year deal to supply Google with solar power starting in 2029. The company raised its 2026 revenue and EBITDA forecasts and is expanding its project pipeline across the US, Europe, and Israel.

01Enlight’s Q2 2026 net profit rose fivefold to $31 million, with revenues up 56% to $210 million.
02The company signed a 15-year, $60 million annual revenue deal with Google for its 250 MW Solstice project.
03Full-year 2026 revenue forecast increased to $790-$820 million; adjusted EBITDA guidance raised to $565-$585 million.
04US operations drove growth, with revenues jumping from $34 million to $80 million in Q2 due to new projects.
05Enlight’s project pipeline totals 4.5 FGW under construction, expected to generate $840 million annually.
06The company secured $2.6 billion financing for the CO Bar project in Arizona, including 1.2 GW solar and 4 GWh storage capacity.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Adi Levitin