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• Enlight Renewable Energy (TASE:ENLT) presented a long-term plan centered on large, AI-ready data center projects and co-located renewable and storage assets at a recent investor meeting.

• The company outlined a multi-year roadmap that increases focus on U.S. projects alongside other regions.

• The new plan emphasizes pairing power-hungry data centers with on-site or nearby clean energy generation and storage.

Enlight Renewable Energy (TASE:ENLT) operates in the renewable power sector, developing and managing generation and storage assets. The latest plan ties its core business more closely to data centers that require substantial and reliable electricity, including for AI-related workloads, within a framework that pairs power assets with the facilities they serve. For readers, this links a traditional renewables developer with one of the areas of electricity demand that is currently attracting significant attention.

Looking ahead, the focus on co-locating data centers with renewable and storage projects introduces a different project mix, risk profile, and potential customer base for Enlight Renewable Energy. The increased emphasis on the U.S. also adds a geographic dimension that could influence regulatory exposure, capital needs, and partnership opportunities over the coming years.

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1 thing going right for Enlight Renewable Energy that this headline doesn’t cover.

The shift towards large scale, AI ready data center projects moves Enlight Renewable Energy further along the value chain, from being primarily a power producer to also hosting power intensive customers. By planning to co locate data centers with its own renewable and storage assets, Enlight is trying to lock in long term demand for its generation while offering data center clients greater control over power sourcing and reliability. The scale of the roadmap is sizeable, with a 160 MWIT facility in Israel, up to 1,000 MWIT across four U.S. sites, and an intended 11.6 FGW of operating and under construction capacity supported by about $8.4b of investment by 2028. For investors, this ties Enlight’s growth more directly to data center power demand, similar to how peers such as NextEra Energy, Brookfield Renewable or Orsted seek to align with large corporate offtakers. At the same time, the plan increases exposure to execution risk, capital intensity and potential overvaluation concerns that some investors are already signalling through share price pressure, insider selling and questions around leverage.