Enlight Renewable Energy announced that it will acquire a 51%‑60% stake in Project Jupiter, a co‑located solar and battery storage development in Brandenburg, Germany. The project will combine up to 150 MWp of solar generation with 2,000 MWh of battery storage, backed by a secured 500 MW grid connection.
The investment is expected to range between €470 million and €500 million, with the project slated to reach Ready‑to‑Build status by the end of 2026. Project Jupiter is projected to generate €85‑90 million in revenue and €70‑80 million in EBITDA over its first five years, adding a significant operating income stream to Enlight’s portfolio.
This acquisition expands Enlight’s European storage footprint and reinforces its goal of becoming a leading grid‑stability provider. It also deepens a partnership that began in 2019 with a joint investment in the 372 MW Björnberget wind farm in Sweden. Enlight’s €50 million commitment to Prime Capital’s Prime Green Energy Infrastructure Fund II secures co‑investment rights in additional projects across Western and Northern Europe.
Management highlighted the strategic fit of Project Jupiter, noting that the German market’s high demand for grid‑stability solutions aligns with Enlight’s core strengths. CEO Adi Leviatan emphasized the company’s strong growth trajectory and its focus on capitalizing on favorable fundamentals in the renewable energy sector.
Prime Capital’s fund has exceeded its €1 billion target, and the firm’s assets under management stand at approximately €3.9 billion, underscoring investor confidence in the renewable infrastructure space. Enlight operates in the United States, Israel, and 11 European countries, positioning it to leverage cross‑border synergies.
The deal signals Enlight’s commitment to scaling large‑scale storage deployments and positions the company for accelerated growth in a market where grid‑stability solutions are increasingly critical.
The partnership with Prime Capital also opens the door to future co‑investments, potentially expanding Enlight’s reach into additional high‑potential European projects.
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