Stock Markets February 2, 2026

Enlight Renewable Energy Gains After Securing Majority Stake in German Storage-Solar Project

Company also advances its large-scale Arizona complex as construction moves forward and revenue projections are published

By Marcus Reed ENLT
Enlight Renewable Energy Gains After Securing Majority Stake in German Storage-Solar Project
ENLT

Enlight Renewable Energy Ltd (NASDAQ:ENLT) saw its shares rise after announcing a majority investment in Project Jupiter, a substantial solar-plus-storage facility in Brandenburg, Germany, and reporting development milestones for its CO Bar Complex in Arizona. The deals include multi-hundred-million euro and multi-billion dollar investment commitments, projected near-term revenues for the German asset and first-year electricity sales estimates for the U.S. complex.

Key Points

  • Enlight will acquire a 51%-60% stake in Project Jupiter in Brandenburg, combining up to 150 MWp of solar and 2,000 MWh of storage with total investment of EUR 470-500 million.
  • The company deepens its partnership with Prime Capital AG, committing EUR 50 million to its European energy infrastructure fund and obtaining co-investment rights across Western and Northern Europe.
  • Enlight advanced development of the CO Bar Complex in Arizona - a 1.211 GW solar and 4.0 GWh storage project with secured interconnection and long-term tolling agreements, requiring $2.86-3.01 billion in investment and projecting $264-278 million in first-year electricity sales.

Enlight Renewable Energy Ltd (NASDAQ:ENLT) shares climbed 5.6% on Monday following the company's announcement that it will take a majority position in Project Jupiter, a large-scale energy storage and solar development located in Brandenburg, Germany.

Under the terms disclosed, Enlight has agreed to acquire between a 51% and 60% stake in Project Jupiter. The asset package encompasses up to 150 MWp of solar generation capacity together with 2,000 MWh of energy storage capacity. Total capital deployment for the project is expected to fall in the range of EUR 470 to 500 million. Management has provided a near-term revenue outlook for the asset, projecting average revenue of roughly EUR 85 to 90 million during the first five years of operation.

The transaction also deepens Enlight's working relationship with Prime Capital AG, a partnership that originated in 2019. As part of the expanded arrangement, Enlight is committing EUR 50 million to Prime Capital's European energy infrastructure fund and has secured significant co-investment rights in further projects across Western and Northern Europe.

At the same time, Enlight reported major project milestones for its CO Bar Complex in Arizona. The U.S. development includes 1.211 GW of solar power generation capacity paired with 4.0 GWh of energy storage. The company has secured a 1 GW interconnection agreement and executed 20-year tolling agreements for additional energy storage capacity tied to the complex.

Enlight estimates the CO Bar Complex will require between $2.86 billion and $3.01 billion in total investment. For the project's first full year of commercial operation, the company projects electricity sales of approximately $264 million to $278 million. Construction activity is underway, and management indicates initial commercial operation is expected to occur between the second half of 2027 and the first half of 2028.

Taken together, the German stake in Project Jupiter and the CO Bar milestones underscore Enlight's expanding footprint in both European and U.S. renewable energy markets. The company continues to grow its global portfolio of solar generation and energy storage projects through minority and majority investments, fund commitments and long-term commercial arrangements.


Project highlights

  • Project Jupiter (Brandenburg, Germany): 51%-60% stake; up to 150 MWp solar; 2,000 MWh storage; EUR 470-500 million total investment; EUR 85-90 million average revenue in first five years.
  • CO Bar Complex (Arizona, U.S.): 1.211 GW solar; 4.0 GWh storage; 1 GW interconnection secured; 20-year tolling agreements; $2.86-3.01 billion estimated investment; $264-278 million projected first full-year electricity sales; construction underway; initial commercial operation expected H2 2027 to H1 2028.

Risks

  • Investment ranges and revenue projections are presented as estimates - actual capital deployed for Project Jupiter and CO Bar may fall within the given ranges but carry execution risk, impacting returns and financing needs (affects energy and infrastructure sectors).
  • The CO Bar Complex has a target initial commercial operation window of H2 2027 to H1 2028, which introduces schedule risk for construction and commission timelines (affects construction, utilities and project finance markets).
  • Projected average revenue for Project Jupiter during the first five years and first-year electricity sales for CO Bar are forecast amounts - realization depends on future market and operational conditions (affects power markets and renewable asset cash flows).

More from Stock Markets

Broad Market Movers: Disney, Micron and a Wide Swath of Names See Volatility on Monday Feb 2, 2026 Earnings Roundup: PepsiCo, AMD, Amgen, Pfizer and Merck Headline Tuesday Reports Feb 2, 2026 JOLTs Release and Fed Comments to Dominate Market Focus on Tuesday Feb 2, 2026 Morgan Stanley Opens Coverage on Circle at Equal-weight, Sees Adoption and Rates as Key Constraints Feb 2, 2026 Phillip Capital Sees Upside in Micron as DRAM Tightness and HBM Demand Lift Pricing Feb 2, 2026