Midroog Affirms Enlight Renewable Energy Ltd.'s A2.il Rating with Stable Outlook

Midroog Ltd., an affiliate of Moody’s Corporation, has affirmed the A2.il rating for bonds (Series 3, 4, 6, 7, and 8) issued by Enlight Renewable Energy Ltd. (the 'Company') with a stable outlook. The rating reflects the Company's strong business position, high certainty of cash flow from various projects, and financial flexibility. Key considerations include the Company's operations in the renewable energy sector, long-term power purchase agreements (PPAs), and significant growth in installed capacity and geographical diversification. The Company's EBITDA is expected to increase significantly in the coming years, driven by the entry into commercial operation of several projects, mainly in the US. The stable outlook is supported by the Company's financial strength and the supportive regulatory environment for renewable energy.