Enlight Renewabl SEC Filings

Enlight Renewable Energy announced financial close for its Snowflake A project in Arizona, a 600 MW solar plus 1,900 MWh storage facility. An indirect U.S. subsidiary secured $1,438 million in construction financing commitments from six global banks, with a portion expected to convert into a $811 million term loan after COD. The loans carry an all-in interest rate of 5.4%-5.8% and feature amortization tenors of 25 years for solar and 20 years for storage, structured as a mini-perm to be fully repaid five years from COD.

The project has a 20-year busbar PPA and energy storage agreement with Arizona Public Service. COD is expected during H2 2027. Enlight expects tax equity in 2026 and indicates eligibility for a 10% Energy Community bonus tax credit and an additional 10% Domestic Content bonus for storage. At COD, total project cost is estimated at $1,570-$1,650 million, with estimated tax equity proceeds of $777-$817 million and net cost of $793-$833 million. Projected first full-year revenue is $125-$131 million and EBITDA is $101-$106 million.

Enlight Renewable Energy (ENLT) announced that subsidiary Clenera closed a tax equity partnership with Wells Fargo for the Quail Ranch Solar and Energy Storage Project near Albuquerque, New Mexico. Quail Ranch comprises 128 MW of solar generation and 400 MWh of storage, with COD targeted toward the end of 2025.

The solar component is expected to receive Production Tax Credits, the storage component Investment Tax Credits, and the project is expected to qualify for a 10% Energy Community bonus tax credit. Under the agreement, the tax equity partner will contribute $131 million upon COD, with an additional $18 million anticipated over the first 10 years via pay-go payments. Proceeds are designated to repay the project’s tax‑equity bridge loan.

At COD, total project cost is estimated at $274 million, with $116–$124 million term debt and estimated tax equity proceeds of $131 million. Total project cost net of tax equity is projected at $143 million. In the first full year, projected revenues are $23–$24 million and projected EBITDA is $16–$17 million, excluding all expected PTC/ITC proceeds, tax benefits, and tax equity impacts.

Enlight Renewable Energy will release its third quarter 2025 financial results before the Tel Aviv Stock Exchange opens on Wednesday, November 12, 2025. The company will host two events to review results and outlook: an English conference call and webcast at 8:00am Eastern Time / 3:00pm Israel Time, and a Hebrew webcast at 6:00am Eastern Time / 1:00pm Israel Time.

The earnings release and investor presentation will be available on the company’s website prior to the calls. An archived version of the English webcast will be accessible on Enlight’s investor relations site.

Enlight Renewable Energy furnished a Form 6-K to provide an unofficial English translation of a periodic ratings report submitted on October 16, 2025 by Midgoog Ltd., an affiliate of Moody’s, to the Israel Securities Authority and the Tel Aviv Stock Exchange. The report covers the Company and its bonds Series 3, 4, 6, 7 and 8.

The submission is included as Exhibit 99.1 and is expressly stated as furnished, not filed, and is not incorporated by reference under the Securities Act or Exchange Act.

Enlight Renewable Energy Ltd. shareholders approved routine corporate governance items at the October 2025 general meeting. Shareholders re-appointed Somekh Chaikin (KPMG member firm) as the independent registered public accounting firm for 2025 and authorized the Board, after Audit Committee approval, to ratify the firm’s fees based on services provided. The meeting approved the election of multiple directors to hold office until the 2026 annual meeting.

The shareholders also approved amendments to the executive and director Compensation Policy, and ratified the compensation packages for newly appointed executives: Adi Leviatan (CEO), Gilad Yavetz (Executive Chairman) and Yair Seroussi (Vice Chairman). Voting totals show substantial support for most proposals but a significant opposition block on the Vice Chairman compensation item. The report’s information is incorporated by reference into the company’s Form S-8 registration statement.

Meitav Investment House Ltd reports beneficial ownership of 11,226,015 ordinary shares of Enlight Renewable Energy Ltd, representing 8.52% of 131,822,051 shares outstanding as of September 25, 2025. The position is held through multiple subsidiaries: Meitav Mutual Funds (2,128,894 shares, 1.61%), Meitav Provident Funds & Pension (6,363,738 shares, 4.83%), and Meitav Portfolio Management (2,739,295 shares, 2.07%). The filing reports shared voting and dispositive power over the 11.226 million shares and no sole voting or dispositive power. The filer disclaims that the filing creates a group or constitutes beneficial ownership beyond pecuniary interest, and notes some securities are held in client accounts managed by subsidiaries operating under independent management.

Enlight Renewable Energy Ltd. discloses rights tied to a Project that allocate 99% of the ITC and PTC to the holder. The holder is also entitled to specific cash flows: 10-12% of EBITDA for the first 10 years, dropping to 5% of EBITDA from year 11 onward. For taxable allocations, the holder receives 99% of the partnership's taxable income during the first 5-10 years. Proceeds from tax equity are designated to repay a tax-equity bridge loan for the Project. The filing includes summarized financial line items at commercial operation: "Term debt $621 million $337 million" and "Projected revenues in first full year4 284 million $39-41 million" as presented in the excerpt.

Meitav Investment House Ltd reported beneficial ownership of 12,608,497 ordinary shares of Enlight Renewable Energy Ltd, equal to 9.6% of the 131,403,429 shares outstanding referenced in the filing. The holdings are held through multiple subsidiaries: Meitav Mutual Funds Ltd (2,158,648 shares, 1.64%), Meitav Provident Funds & Pension Ltd (6,363,738 shares, 4.84%), and Meitav Portfolio Management Ltd (4,086,111 shares, 3.11%). The filing states these subsidiaries make independent voting and investment decisions and includes a certification that the securities were not acquired to change or influence control of the issuer.