Enlight Expands Its Energy Storage Footprint in Europe Through Investment in the Jupiter Project in Germany
Rhea-AI Summary
Enlight (NASDAQ: ENLT) agreed to acquire a 51%–60% stake in Project Jupiter, a co-located solar and energy storage project in Brandenburg, Germany, alongside Prime Capital’s Prime Green Energy Infrastructure Fund II.
Project Jupiter is planned for up to 150 MWp solar and 2,000 MWh storage, supported by a secured grid connection of up to 500 MW. Ready-to-Build is targeted by end of 2026. Total investment is expected at EUR 470–500 million, with estimated average first-5-year revenue of EUR 85–90 million and EBITDA of EUR 70–80 million. Enlight committed EUR 50 million to PGEIF II and gained co-investment rights in additional European projects.
Positive
- Planned 2,000 MWh energy storage capacity
- Planned up to 150 MWp solar capacity
- Secured grid connection up to 500 MW
- Total project investment of EUR 470–500 million
- Estimated first-5-year revenue EUR 85–90 million
- Estimated first-5-year EBITDA EUR 70–80 million
- Enlight committed EUR 50 million to PGEIF II
Negative
- Large capital requirement: EUR 470–500 million total investment
- Project not Ready-to-Build until end of 2026 (development timeline)
- Enlight equity exposure via 51%–60% stake and EUR 50 million commitment
News Market Reaction
On the day this news was published, ENLT gained 3.67%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
ENLT was up 0.95% with mixed peer moves: RNW +0.36%, CWEN +0.11%, FLNC +1.98% versus BEPC -1.23% and ORA -0.12%, suggesting a stock-specific response to project news rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 22 | Earnings date notice | Neutral | +1.6% | Scheduled Q4 and full-year 2025 results release and conference calls. |
| Nov 14 | Investor conferences | Neutral | -0.3% | Participation in December 2025 energy and power investor conferences. |
| Nov 12 | Earnings results | Positive | +8.3% | Strong 3Q25 and 9M25 growth with raised 2025 revenue and EBITDA guidance. |
| Nov 10 | Project financing | Positive | +4.4% | Snowflake A debt financing for large U.S. solar-plus-storage project in Arizona. |
| Nov 03 | Tax equity deal | Positive | +1.7% | Tax equity financing for Quail Ranch solar and storage project in New Mexico. |
Recent ENLT news, especially on project financing and earnings, has generally seen positive price alignment, with all tracked events followed by gains or minimal moves in the same direction as the news tone.
Over the last few months, Enlight has reported strong financial momentum and major project milestones. On Nov 12, 2025, 3Q25 results showed robust revenue and profit growth, and the stock rose 8.33%. Announcements of Snowflake A’s $1.438B financing and Quail Ranch tax equity also coincided with positive reactions. The current Jupiter project investment continues this pattern of scaling co-located solar and storage assets in key markets.
Market Pulse Summary
This announcement highlights Enlight’s continued build-out of co-located solar and storage, adding up to 150 MWp of solar and 2,000 MWh of storage in Germany with expected EBITDA of EUR 70–80 million in the first five years. It builds on prior large-scale projects like Snowflake A and Quail Ranch. Investors may watch project milestones toward Ready to Build by late 2026 and how this investment shapes portfolio mix and regional exposure.
Key Terms
mwh technical
co-investment rights financial
AI-generated analysis. Not financial advice.
Majority investment in Project Jupiter, 2,000 MWh energy storage and up to 150 MWp solar in Germany
Project backed by up to 500 MW secured grid connection, Ready to Build targeted for late 2026
Investment alongside Prime Capital includes substantial co-investment rights in additional European projects
TEL AVIV, Israel, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (TASE & NASDAQ: ENLT), a leading global renewable energy developer and an independent power producer, has signed an agreement to acquire a stake in Project Jupiter, a large-scale co-located solar and energy storage project in Germany, in partnership with Prime Capital AG – an independent Alternative Asset Manager in Germany - acting on behalf of its Prime Green Energy Infrastructure Fund II (PGEIF II). As the parties advance the project toward construction, Enlight is expected to acquire
Project Jupiter is located in Brandenburg, Germany, and is planned to include up to 150 MWp of solar generation capacity and 2,000 MWh of energy storage capacity. The project is supported by a secured grid connection of up to 500 MW and is at an advanced development stage, expected to reach Ready to Build by end of 2026. The total investment is expected in the range of EUR 470 to 500 million, with average revenue during first 5 years operation of approximately EUR 85 to 90 million and EBITDA of 70-80 million.
The transaction expands the long-standing cooperation between Enlight and Prime Capital, which began in 2019 and has included a joint investment in the 372MW Björnberget wind farm in Sweden, alongside Prime Green Energy Infrastructure Fund I (PGEIF I).
Building on this relationship, Enlight has committed EUR 50 million to PGEIF II, a European energy infrastructure fund with a total target size of approximately EUR 1 billion (incl. co-investments), managed by Prime Capital. As part of this partnership, Enlight has received substantial co-investment rights in additional projects from the fund’s portfolio, primarily in Western and Northern Europe, including the right to hold a majority stake in such projects.
Adi Leviatan, CEO of Enlight Renewable Energy: “Project Jupiter is another manifestation of our strategic focus on energy storage in Europe. It further strengthens Enlight’s diversified and robust portfolio, as well as our footprint in Germany, one of the most attractive renewable energy markets in Europe. Our long-term relationship with Prime Capital will continue creating attractive investment opportunities and long-term value creation.”
Dr. Mathias Bimberg, Head of Infrastructure at Prime Capital: “We are thrilled to deepen our long-standing cooperation with Enlight by joining forces on Project Jupiter, a landmark initiative that will serve as a cornerstone for a resilient, sustainable, and future-ready energy system. This collaboration combines our shared vision and expertise to invest in transformative assets that accelerate Europe’s energy transition, creating enduring value and driving sustainable growth.”
About Enlight Renewable Energy:
Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind, and energy storage. As a global platform, Enlight operates in the United States, Israel and 11 European countries. Enlight is traded on the Tel Aviv Stock Exchange (TASE: ENLT) and on Nasdaq (Nasdaq: ENLT). Learn more at www.enlightenergy.co.il.
About Prime Capital:
Founded in 2006, Prime Capital AG is an independent asset management firm and financial services provider, owned by management as well as current and former senior employees. The company takes a holistic, cross-divisional approach and specializes in Alternative Investments, in particular in Absolute Return, Energy Infrastructure, and Private Debt. Furthermore, the company provides Access Solutions for the access to Alternative Investments through securitizations and fund structures. Prime Capital currently employs about 120 people in Frankfurt and Luxembourg and is regulated by BaFin and CSSF.
As of September 2025, Prime Capital has approximately EUR 3.9bn Assets under Management as well as EUR 8.9bn Assets under Administration.
Enlight Investor Contacts
Limor Zohar Megen
Director IR
investors@enlightenergy.co.il
Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
+1 617 542 6180
investors@enlightenergy.co.il
Prime Capital AG
Andreas Kalusche, CEO
Questions regarding the content please contact Dr. Mathias Bimberg
Tel: +49 69 9686 984 308
Mathias.Bimberg@primecapital-ag.com
FAQ
What stake is Enlight (ENLT) acquiring in Project Jupiter in Germany?
What are the planned solar and storage capacities for Project Jupiter (ENLT)?
How much will Project Jupiter cost and what are expected early revenues for ENLT?
When is Project Jupiter expected to reach Ready-to-Build and impact ENLT timelines?
What co-investment rights did Enlight (ENLT) receive from Prime Capital?
How much did Enlight (ENLT) commit to Prime Green Energy Infrastructure Fund II?
