Nofar Energy to acquire 92.5% of Enlight Renewable Energy
What's the deal? Israeli renewable energy developer Nofar EnergyDealroom has a profile for this one. Try Dealroom → has agreed to buy a 92.5% stake in Highlight Renewable Energy, valuing the transaction at about $67.7 million (€58.4 million). The purchase will run through Nofar's Israel unit and expand its domestic solar and battery storage pipeline.
What does Highlight bring? Highlight holds rights to roughly 30 solar and energy storage projects across Israel at various development stages. Together, they total an estimated 850MW of planned generation capacity and about 4.4GWh of battery storage.
What's the endgame? The deal adds scale to Nofar's pipeline and increases the number of shovel-ready projects it can push through permitting, grid coordination, and financing. Consolidating ownership of development rights streamlines negotiations with landowners, contractors, and authorities across the portfolio.
Why now? Israel's demand for firm, dispatchable power is growing, driving a shift toward solar paired with storage. The added battery capacity helps match supply with peak demand and reduce curtailment risk.
What could go wrong? The transaction depends on customary regulatory and third-party approvals, plus additional consents tied to Highlight. It is expected to close after those clear; on completion, Nofar Energy in Israel will own 92.5% of Highlight.
The signal: The deal reflects a broader preference among investors and offtakers for developers that can supply both generation and storage in coordinated projects. By buying near-term optionality rather than waiting to win new project rights, Nofar bets on consolidation as the faster path to construction and commissioning.
Read more: List Solar
Image credit: peretzp
