First Quarter 2025 Earnings Presentation

This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this presentation other than statements of historical fact, including, without limitation, statements regarding Enlight Renewable Energy's (the "Company") business strategy and plans, capabilities of the Company’s project portfolio and achievement of operational objectives, market opportunity and potential growth, discussions with commercial counterparties and financing sources, pricing trends, progress of Company projects, including anticipated timing of related approvals and project completion, the Company’s future financial results, expected impact from various regulatory developments, including the IRA, Revenue and Income, EBITDA, and Adjusted EBITDA guidance, the expected timing of completion of our ongoing projects, macroeconomic trends, and the Company’s anticipated cash requirements and financing plans, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; disruptions in trade caused by political, social or economic instability in regions where our components and materials are made; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; exposure to market prices in some of our offtake contracts; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives or benefits for, or regulations mandating the use of, renewable energy; our ability to effectively manage the global expansion of the scale of our business operations; our ability to perform to expectations in our new line of business involving the construction of PV systems for municipalities in Israel; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs and our ability to mitigate their impacts, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with increasingly complex tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel, including the ongoing war in Israel, where our headquarters and some of our wind energy and solar energy projects are located; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and the other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”), as may be updated in our other documents filed with or furnished to the SEC. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this presentation. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Unless otherwise indicated, information contained in this presentation concerning the industry, competitive position and the markets in which the Company operates is based on information from independent industry and research organizations, other third- party sources and management estimates. Management estimates are derived from publicly available information released by independent industry analysts and other third-party sources, as well as data from the Company's internal research, and are based on assumptions made by the Company upon reviewing such data, and the Company's experience in, and knowledge of, such industry and markets, which the Company believes to be reasonable. In addition, projections, assumptions and estimates of the future performance of the industry in which the Company operates, and the Company's future performance are necessarily subject to uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by the Company. Industry publications, research, surveys and studies generally state that the information they contain has been obtained from sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and uncertainties as the other forward-looking statements in this presentation. Non-IFRS Financial Metrics This presentation presents Adjusted EBITDA, a non-IFRS financial metric, which is provided as a complement to the results provided in accordance with the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”). A reconciliation between Adjusted EBITDA and Net Income, its most directly comparable IFRS financial measure, is contained in the tables below. The Company is unable to provide a reconciliation of Adjusted EBITDA to Net Income on a forward-looking basis without unreasonable effort because items that impact this IFRS financial measure are not within the Company’s control and/or cannot be reasonably predicted. These items may include, but are not limited to, forward-looking depreciation and amortization, share based compensation, other income, finance income, finance expenses, share of losses of equity accounted investees and taxes on income. Such information may have a significant, and potentially unpredictable, impact on the Company’s future financial results. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the products or services of the Company or the proposed offering. Legal disclaimer

1 Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income Continued high year-on-year growth: 39% increase in revenue, 84% in Adjusted EBITDA1, and 316% in net profit Reaffirming the Company's 2025 guidance ranges: revenues and income of $490-$510m and Adjusted EBITDA1 of $360-$380m, with high resiliency to the impacts of tariffs or economic slowdowns Shielded from tariff impacts: the Company has no exposure to tariffs on solar panels for projects that will reach COD by the end of 2026, while 80% of the batteries for these projects are purchased from Tesla, with lower tariff exposure than other battery makers Advancing on financing plans: $1.5bn of financial closing for three U.S. projects in the past four months; sale of a stake in the Sunlight cluster at a $97m pre-tax profit; $245m in bond issuance at low spreads High growth in revenues and profits; reaffirming 2025 guidance

Consistent and Continued Growth in Financial Results

1Q25 vs 1Q24, $m 1Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income Revenues & income Adjusted EBITDA1 Cash flow from operations Net income 1Q 25 1Q 24 39% 84% 24% 316% Sale of 44% of the Sunlight cluster contributed $80m Sale of 44% of the Sunlight cluster contributed $42m 1Q 25 1Q 24 1Q 25 1Q 24 1Q 25 1Q 24 High growth in 1Q25 revenues and profits

Revenues & income, $m 38% CAGR Adjusted EBITDA1 , $m 1Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income 38% CAGR 47% CAGR Cash flow from operations, $m High and consistent growth rates over time Revenues and Adjusted EBITDA CAGR nearing 40% in since 2018

Main assumptions: Geographical revenues and income distribution: 38% in ILS, 35% in EUR, and 27% in USD Approximately 90% of production to be sold at fixed prices through hedges or PPA agreements 2025 Guidance Revenues & Income, $m 510 490 2025 Guidance Adjusted EBITDA1, $m 380 360 1 Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income. Reaffirming 2025 guidance High resiliency to tariffs and economic slowdown scenarios

1Q25 4% above consensus Enlight reported Adjusted EBITDA1 Analyst consensus 2 Enlight reported Adjusted EBITDA1 versus consensus2 estimates $m 1Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income; 2Source: Bloomberg + $13m + $5m + $33m + $14m + $8m 2Q24 1Q24 3Q24 4Q24 1Q25 Outperforming consensus estimates for the fifth consecutive quarter

1 Estimates of the impact of U.S. tariffs on construction costs for U.S. projects currently under construction are based on the following assumptions: the willingness of suppliers to take on a portion of the increase in costs, based in part on current negotiations with them. 2 PPA contracts are currently under negotiation with utilities to adjust for tariff impacts. These estimates and assumptions involve risks and uncertainties, and reflect management’s current expectations based on available information. We cannot guarantee that actual results achieved will reflected these estimates and assumptions. Panels - No tariff impact1 for projects under construction, production outside of China Batteries - 80% of requirements for projects under construction purchased from Tesla, a U.S. supplier with high domestic production levels Cost mitigation Revenue adjustments Negotiation for signing PPA price adjustment mechanisms2 reflecting higher construction costs due to tariffs Other countries China – delivered equipment with no tariff exposure China – equipment yet to be delivered 1.7 Billion dollars Projects under construction: only 8% of costs exposed to China tariffs Enlight’s procurement strategy creates effective defenses against tariffs

Project returns remain intact even in high tariff scenarios A B C=A-B D =D/C U.S. projects under construction FMW Projects cost Tax benefit value2 Projects cost, net of tax benefit Equity required at COD First year EBITDA EBITDA/ Net capex Return on equity Roadrunner, Country Acres and Quail Ranch 1,400 1,700 840 860 115 105 ~12% >15% China tariff scenario Increase in projects cost Increase in projects cost, net of tax benefit2 Increase in required equity at COD Growth in annual EBITDA Change in EBITDA/ Net capex Return on equity 35% 40-50 20-30 0-20 1 -0.2% >15% 70% 80-100 40-60 10-30 2 -0.5% 145% 170-190 100-120 50-70 5 -1.0% Data on projects under construction, pre tariff increase3 ($m) Scenarios for new tariff impacts4 on projects under construction1 ($m) The agreements and relationships we have with our supply chain partners allow for a significant distribution of the impact of tariffs 1 Estimates of the impact of U.S. tariffs on construction costs for U.S. projects currently under construction are based on the following assumptions: tariffs on Chinese imports ranging from 35% to 145%, and 10% on imports from all other countries; the willingness of suppliers to take on a portion of the increase in costs, based in part on current negotiations with them; an increase in the expected revenues and EBITDA of selected projects, based on current negotiations with relevant utilities. These estimates and assumptions involve risks and uncertainties, and reflect management’s current expectations based on available information. We cannot guarantee that actual results achieved will reflected these estimates and assumptions. 2 Represents the estimated value of the tax equity investment related to IRA tax credits, and does not represent the full amount projected to be received from the tax equity partner. 3 Includes tariffs announced prior to April 2, 2025. 4 Includes tariffs announced post April 2, 2025. Elevated project returns even in a high tariff scenario

Portfolio review On the path to $1.4bn in revenues & income by year-end 2027 1 Projection based on 2025 guidance, adding on total revenues and income (sales of electricity and tax benefits) of under construction and pre-construction projects

1 FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5 2025 plan: building 4.7 FGW1 of capacity Entering into the data center sector, leveraging Enlight's core capabilities. Winning the Ashalim tender in southern Israel for the construction of an integrated data center and solar & storage facility. Significant growth in the total portfolio An increase of 3.2 FGW1 during the quarter ~8.6 Mature phase portfolio In 2025, the Company will build 1.5x more capacity than the past 15 years Expanding into a new sector +3.2 FGW 7.7 FGW operating or under construction in 2025 Reaching 8.6 FGW operating by year-end 2027

8.6 FGW Components of the Mature Portfolio Under construction FGW 1.8 Pre-construction FGW 3.8 Advanced Development FGW 7 Development FGW 17.8 Operational FGW1 3 1 FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5. Total portfolio 33.4 FGW The true potential remains unseen

1 FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5. Expansion plan set to triple Enlight’s revenues Commence operations in 2025-26 Begins construction in the next 12 months Begins construction in the next 13-24 months Begins construction in 2027+ Under construction FGW 1.8 Pre-construction FGW 3.8 Advanced Development FGW 7 Development FGW 17.8 Operational FGW1 3 8.6 FGW Components of the Mature Portfolio $490-$510m 2025 revenues & income guidance ~$305m Revenues & income ~$615m Revenues & income Growth in the US Development portfolio due to increased demand for storage

1 Projection based on 2025 guidance, adding on total revenues and income (sales of electricity and tax benefits) of under construction and pre-construction projects; 2 The company's revenues from tax benefits are estimated at approximately 20-24% of the total revenue run rate for December 2025; approximately 22-26% of the total revenue run rate for December 2026, and approximately 26-30% of the total revenue run rate for December 2027. CoBar Complex Snowflake Nardo Storage Roadrunner Quail Ranch Gecama Solar Country Acres 85% 86% 92% Projected revenues & income run rate1,2 $m Atrisco 77% Weighted average of Enlight’s share of revenues and income Mature Reaching an annual revenues & income run rate of $1.4bn by 2027 42% CAGR

1 Loans granted during the projects’ construction period, including tax equity bridge loans. 2 Included sales of electricity and tax benefits. $1.5bn financing for projects under construction in the US 1,400 FMW Country Acres, Quail Ranch, Roadrunner Total construction cost of approximately $1.7bn Financial closings totaling approximately $1.5bn1 Attractive interest rate in the range of 5.5%-6.0% Expected equity required at COD averaging 5-10% of total construction costs Projects expected to reach COD during 2025-26, and contribute annual revenues and income of $250m2 Issuing bonds and selling a stake in Sunlight Sunlight transaction Selling 44% at a $119m valuation Total capacity of 247 FMW Consideration of $52m Pre-tax profit of $97m Implies a value of $480k per FMW Issued two new bond series totaling $245m at a six-year duration Effective interest rate of 5.7%, 1.7% spread above government bonds Issuing bonds Achieving $1.8bn in financing during the past four months

Average historic return on operating assets (3 FGW) is 15% Under construction and pre-construction projects (5.6 FGW) continue to generate high returns before leverage: 11-12% Unlevered project returns EBITDA1 First year expected ~$470m Expected net Capex2 ~$4,100m = Expected return on equity of 15% After leverage 1 Projected results do not include tax benefits. 2 Net construction costs assume receipt of certain ITC and PTC credits under the IRA and are net of the estimated value of these credits. For certain projects, PTC is assumed, based on the project’s expected production and a yearly CPI indexation of 2%, discounted by 8% to COD. For other projects ITC is assumed at the relevant ITC rate (ranging from 30% to 50%, depending on energy community and/or domestic content adders). The net cost does not reflect the full tax equity investment, only the estimated value of the tax credits. Projected project costs and returns contain estimates of the impact of U.S. tariffs on construction costs and are based on assumptions that appear on pages 9 and 10 of this presentation. Mature Returns on equity remains over 15% even as project size increases

MENA 2.5 FGW of large-scale development of Agro-PV Entering into the data centers sector, with high synergies to Enlight’s core operations 1 FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5 Europe Enlarging BESS portfolio, with growing demand for storage and data centers 1.6 FGW energy storage in development & advanced development in Italy and Poland USA Increasing BESS portfolio following growing demand from utilities “Connect and expand”: 2.9 FGW1 of advanced development projects are continuations of mature ones A range of growth drivers across different markets

1 IT Mega watt; 2 McKinsey & Co analyses The Ashalim tender Enlight plans to establish a 100 MW1 server farm The Ashalim area is a renewable energy mega-site in the south of Israel, containing high-voltage grid infrastructure and fiber optic connectivity. The project will save millions of dollars on the cost of electricity transmission to central Israel and contribute to the development of Israel’s peripheral regions. The first data center in Israel’s peripheral southern region, following the global trend of relocating data centers away from urban areas The data center sector is growing and synergetic Requires broad access to capital Experience in working with regulatory bodies High electricity consumption; 60% of a facility’s OPEX Grid connection is a barrier to entry Considerable engineering expertise required 20% annual growth in electricity demand until 20302 Entry into the data center sector Implementing Enlight’s strategy: portfolio diversification, high synergies to core capabilities

A Business Environment Full of Opportunities

Source: 1 Ember, IEA; 2 McKinsey, Bloomberg BNEF Increasing demand for electricity in the U.S.2 2025E US annual load growth forecast has jumped to 0.9% in 2023, with potential to reach 1.5% Drivers include AI, new manufacturing and data center facilities Electricity’s share of total energy consumption is steadily increasing Soaring global demand for power1 The rate of growth of electricity demand has risen in recent years. Electricity’s share of total energy consumption is expected to rise from 21% today to 27% by 2030 in a conservative scenario, and to exceed 30% in net-zero emissions scenarios TWh Net zero emissions scenario 3.1% CAGR 2000 2010 2020 2030 2005 2015 2025 Growth in data centers drive increased electricity demand Continued high demand for electricity reduces tariff impacts

Renewables critical to meeting future demand Renewables the only game in town Renewable power projects represent 95% of new capacity now in queue, with gas at only 3% Coal plants displaced, while hydro, & nuclear are not built at scale = renewable energy projects Sources: Grid Strategies; Lawrence Berkeley National Laboratory, Wood Mackinze 1 Arizona; 2 By selected representative states: PJM - Virginia , CAISO - California, ERCOT - Texas, WECC - Arizona Solar energy and storage offer the cheapest solution LCOE - Levelized Cost of Electricity Attractive renewables production costs in the US $ / MWh 1Energy LCOE in the U.S. Southwest 2 Regional solar and storage LCOE Enlight’s main market in the U.S. Renewables are the solution for the soaring demand for electricity Load growth rising after decades of decline; renewables dominate project queue

Appendix

Construction is underway on projects Country Acres, Roadrunner and Quail Ranch, with a combined capacity of 821 MW and 2,028 MWh. Equipment is arriving and contractors are operating on site. Financial closing for Country Acres project (403 MW and 688 MWh) totaling $773m Financial closing for Quail Ranch (128 MW and 400 MWh) totaling $243m Construction & Financial Closing Revenue & income 1Q25 Revenue & income 1Q24 % Change Mature capacity 1Q25 Mature capacity 1Q24 $34.8m $4.5m 673% 3,790 MW + 6,352 MWh 3,059 MW + 4,052 MWh Enlight USA

New Mexico Location 128 MW + 400 MWh Capacity Under Construction Status $22-23m / $17-19m First Year3Revenues / EBITDA 12.4%-12.8%1,2 Unlevered Ratio Quail Ranch Snowflake A California Location 403 MW + 688 MWh Capacity Under Construction Status $61-62m / $45-46m First Year3Revenues / EBITDA 10.0%-10.4%1,2 Unlevered Ratio Country Acres Arizona Location 290 MW + 940 MWh Capacity Under Construction Status $52-55m / $41-43m First Year3 Revenues / EBITDA 14.3%-14.7%1,2 Unlevered Ratio Roadrunner Arizona Location 600 MW + 1,900 MWh Capacity Pre-Construction Status $122-128m / $97-103m First Year3 Revenues / EBITDA 10.5%-10.9%1,2 Unlevered Ratio 1Net construction costs assume receipt of certain ITC and PTC credits under the IRA and are net of the estimated value of these credits. For certain projects, PTC is assumed, based on the project’s expected production and a yearly CPI indexation of 2%, discounted by 8% to COD. For other projects ITC is assumed at the relevant ITC rate (ranging from 30% to 50%, depending on energy community and/or domestic content adders). The net cost does not reflect the full tax equity investment, only the estimated value of the tax credits. Projected project costs and returns contain estimates of the impact of U.S. tariffs on construction costs, and are based on assumptions that appear on pages 9 and 10 of this presentation. 2 Excluding tax benefits Enlight US U.S. construction and pre-construction projects: Large capacity and high returns

Construction underway on Gecama hybridization, adding 225 MW solar generation and 220 MWh storage capacity to the existing 329 MW windfarm Entry into the Polish storage market by acquiring 3.2 GWh of capacity in development phase ,Adding storage to project Bjorn in Sweden (96 MWh) and Tapolca in Hungary (100 MWh) Focus on energy storage Sunlight sale & storage tender Selling 44% of the Sunlight cluster at a valuation of $119m, generating a pre-tax profit tax $97m and cash flow of $52m. Winning the IEA’s first high voltage availability tender, advancing the construction of energy storage facilities with capacity of 1.3-1.9 GWh. Estimated construction cost of $205-245m, with expected average annual revenue of $72-83m and EBITDA of $36-42m. COD is expected by 2028. Revenue & income 1Q25 Revenue & income 1Q24 % Change Mature capacity 1Q25 Mature capacity 1Q24 $51.4m $59.2m -13% 1,552 MW + 1,336 MWh 1,553 MW + 680 MWh Revenue & income 1Q25 Revenue & income 1Q24 % Change Mature capacity 1Q25 Mature capacity 1Q24 $42.9m $28.5m 51% 769 MW + 1,159 MWh 784 MW + 967 MWh Europe MENA Enlight Europe & MENA

Israel Location 26 MW + 292 MWh Capacity Under Construction / Pre-Construction Status $11-13m / $7-9m First Year Revenues / EBITDA 9.2%-9.5% Unlevered Ratio Israel PV / Storage projects Nardo Storage Spain Location 225 MW + 220 MWh Capacity Pre-Construction Status $38-40m / $31-33m First Year Revenues / EBITDA 15.9%-16.3% Unlevered Ratio Gecama Hybrid Italy Location 920 MWh Capacity Pre-Construction Status $32-34m/ $27-29m First Year Revenues / EBITDA 18.4%-18.8% Unlevered Ratio Enlight Europe & MENA Europe and MENA: Pre-construction & under construction projects Continuing to expand presence across Europe and MENA with high return projects

($ thousands) For the three months ended March 31, 2025 March 31, 2024 Net Income (loss) 101,803 24,485 Depreciation and amortization 33,789 25,604 Share based compensation 1,710 3,117 Finance income (6,695) (8,065) Finance expenses 30,203 19,493 Gains from projects disposals (*) (54,973) - Share of losses of equity accounted investees 1,227 144 Taxes on income 24,651 6,831 Adjusted EBITDA 131,715 71,609 * Profit from revaluation linked to partial sale of asset Reconciliation between Net Income to Adjusted EBITDA

Graph, scale Generation, MW Storage, MWh Portfolio definitions Operational, under construction and pre-construction (expected to start construction within 12 months) Mature Phase Projects which are expected to begin construction within 13 to 24 months of the Approval Date Advanced Phase The rest of the projects in development process Development Phase Advanced Phase Under Construction Operational Pre-Construction Mature Phase Projects Development Phase Total Portfolio 0-12 months until start of construction 13-24 months until start of construction + + + + + + + Operational projects sold 1.7 GW still under the company’s operational management 1.7 GW 2,491 6,112 2,545 4,316 1,076 28,396 12,592 49,835 8,847 2,664 9,706 3,357 19,174 1,866 Portfolio snapshot Note: Portfolio information as of the Approval Date; Projects that are not consolidated in our financial statements are reflected at their proportional share

73% of total portfolio in the United States 2.9 GW 45% of U.S Development Phase Development Phase Advanced Phase 2.9 GW 100% of U.S Advanced Phase Mature Phase Projects 3.8 GW 100% of U.S Mature Phase 9.6 GW System Impact Study Completed + + = Enlight US Advanced grid connection status for 10 GW of projects Transmission infrastructure is the principal constraint for renewable energy today