Enlight Expands Its Energy Storage Footprint in Europe Through Investment in the Jupiter Project in Germany

Rhea-AI Summary

Enlight Renewable Energy (NASDAQ: ENLT) agreed to acquire a 51%–60% stake in Project Jupiter, a co-located solar and energy storage development in Brandenburg, Germany. The project targets up to 150 MWp solar and 2,000 MWh storage, with a secured grid connection up to 500 MW.

Total investment is expected at EUR 470–500 million. Average revenue in the first five operational years is projected at EUR 85–90 million with EBITDA of EUR 70–80 million. Enlight committed EUR 50 million to Prime Green Energy Infrastructure Fund II and received co-investment rights in additional European projects. Ready-to-build is targeted by end of 2026.

Positive

• Majority stake acquisition of 51%–60% in Project Jupiter
• Project scale: 2,000 MWh storage and up to 150 MWp solar
• Secured grid connection of up to 500 MW
• Estimated first-5-year average revenue of EUR 85–90 million
• Enlight committed EUR 50 million to PGEIF II and co-invest rights

Negative

• Total project investment of EUR 470–500 million implies large capital outlay
• Ready-to-build targeted by end of 2026, exposing schedule risk

News Market Reaction

+6.08%

18 alerts

+6.08% News Effect

+8.9% Peak in 25 hr 19 min

+$477M Valuation Impact

$8.32B Market Cap

0.8x Rel. Volume

On the day this news was published, ENLT gained 6.08%, reflecting a notable positive market reaction. Argus tracked a peak move of +8.9% during that session. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $477M to the company's valuation, bringing the market cap to $8.32B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Energy storage capacity: 2,000 MWh Solar capacity: 150 MWp Grid connection: 500 MW +5 more

8 metrics

Energy storage capacity 2,000 MWh Planned storage capacity for Project Jupiter in Germany

Solar capacity 150 MWp Planned maximum solar generation capacity for Project Jupiter

Grid connection 500 MW Secured grid connection capacity backing Project Jupiter

Total investment EUR 470–500 million Expected total investment in Project Jupiter

Average revenue (first 5 years) EUR 85–90 million Expected average annual revenue during first 5 years of operation

EBITDA (first 5 years) EUR 70–80 million Expected annual EBITDA during first 5 years of operation

Enlight stake 51%–60% Expected ownership range Enlight will hold in Project Jupiter

Fund commitment EUR 50 million into PGEIF II; target size ~EUR 1 billion Enlight commitment and target fund size for Prime Green Energy Infrastructure Fund II

Market Reality Check

Price: $56.35 Vol: Volume 112,275 vs 20-day ...

normal vol

$56.35 Last Close

Volume Volume 112,275 vs 20-day average 81,652 (about 1.38x typical activity). normal

Technical Price $55.57 is trading above 200-day MA at $30.61, despite a -4.01% daily decline.

Peers on Argus

ENLT fell 4.01% while only one peer in momentum (FLNC) moved notably, down 4.06%...

1 Down

ENLT fell 4.01% while only one peer in momentum (FLNC) moved notably, down 4.06%, and broader peers showed mixed, modest changes. This points to stock-specific factors over a broad sector rotation.

Historical Context

5 past events · Latest: Jan 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 27	Project investment	Positive	+3.7%	Majority stake in German solar-plus-storage Project Jupiter with sizable capex.
Jan 22	Earnings schedule	Neutral	+1.6%	Announcement of Q4 and full-year 2025 results release and conference calls.
Nov 14	Conference participation	Neutral	-0.3%	Participation in two New York investor conferences for outreach and visibility.
Nov 12	Earnings results	Positive	+8.3%	Strong 3Q25 growth, raised 2025 guidance, and expanded renewable portfolio.
Nov 10	Project financing	Positive	+4.4%	Secured $1.438B construction financing for Snowflake A solar-plus-storage project.

Pattern Detected

Recent history shows ENLT often trading higher on growth and financing updates, with no clear pattern of selling on positive news.

Recent Company History

Over the past few months, ENLT has reported multiple growth milestones. A prior announcement on Nov 10, 2025 of $1.438 billion Snowflake A financing and strong 3Q25 results on Nov 12, 2025 both saw positive price reactions. Investor updates on earnings dates and conferences had smaller moves. A similar Jupiter project announcement on Jan 27, 2026 produced a +3.67% gain, highlighting generally constructive reactions to expansion and storage-focused news.

Market Pulse Summary

The stock moved +6.1% in the session following this news. A strong positive reaction aligns with ENL...

Analysis

The stock moved +6.1% in the session following this news. A strong positive reaction aligns with ENLT’s history of favorable responses to growth and financing milestones, such as prior gains after major project wins and earnings beats. The Jupiter investment adds up to 150 MWp solar and 2,000 MWh storage with projected EUR 85–90 million in annual revenue and EUR 70–80 million EBITDA, reinforcing its European storage strategy. Investors would still need to weigh execution risks and large capex commitments over the multi‑year buildout.

Key Terms

energy storage, ebitda

2 terms

energy storage technical

"Majority investment in Project Jupiter, 2,000 MWh energy storage and up to 150 MWp solar"

Energy storage involves capturing and holding excess energy produced during periods of low demand for later use when demand is higher. Think of it like a rechargeable battery that saves power for when it’s needed most. For investors, energy storage is important because it helps balance supply and demand, making energy systems more reliable and efficient, which can influence the value of energy-related assets and technologies.

ebitda financial

"average revenue during first 5 years operation of approximately EUR 85 to 90 million and EBITDA of 70-80 million"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

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, Feb. 02, 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 51% to 60% of the shares in the project with PGEIF II holding the remaining shares.

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

www.primecapital-ag.com

FAQ

What did Enlight (ENLT) announce about Project Jupiter on February 2, 2026?

Enlight announced acquisition of a 51%–60% stake in Project Jupiter. According to the company, the project is a co-located solar and storage site in Brandenburg, Germany, planned for up to 150 MWp solar and 2,000 MWh storage.

What are Project Jupiter’s capacity and secured grid connection for ENLT (NASDAQ: ENLT)?

Project Jupiter targets 150 MWp solar plus 2,000 MWh storage capacity. According to the company, the site is backed by a secured grid connection of up to 500 MW, supporting large-scale dispatch and expansion.

How much total investment and near-term financials does Project Jupiter project for ENLT?

Total investment is expected at EUR 470–500 million. According to the company, average revenue in the first five years is projected at EUR 85–90 million with EBITDA of EUR 70–80 million.

What is Enlight’s financial commitment to Prime Green Energy Infrastructure Fund II (ENLT)?

Enlight committed EUR 50 million to PGEIF II. According to the company, the fund targets approximately EUR 1 billion including co-investments, and Enlight received substantial co-investment rights.

What is the expected construction timeline and investor implications for ENLT’s Project Jupiter?

Ready-to-build is targeted by end of 2026. According to the company, the timeline implies near-term project development activity and capital deployment tied to the EUR 470–500 million investment range.