Enlight Renewable Energy Ltd.

Good day and thank you for standing by. Welcome to the Enlight Renewable Energy's second quarter 2026 earnings call. Please be advised that today's conference is being recorded. I would now like to turn the conference over to Limor Zohar Megen, Director of Investor Relations. Please go ahead.

Thank you, operator. Good morning, everyone, and thank you for joining Enlight Renewable Energy's second quarter 2026 earnings conference call. Before beginning this call, I would like to draw participants' attention to the following. Certain statements made on the call today, including but not limited to statements regarding business strategy and plans, our project portfolio, market opportunity, utility-dependent potential growth, discussions with commercial counterparties and financing sources, pricing trends for materials, progress of company projects, including anticipated timing of related approvals and project completion and anticipated production delays, expected impacts from various regulatory developments, completion of development, the potential impact of the current conflicts in the Middle East on our operations and financial conditions, and company action designed to mitigate such impacts, and the company's future financial and operational results and guidance including revenue and adjusted EBITDA are forward-looking statements within the meaning of U.S. federal securities laws which reflect management's best judgment based on currently available information. We reference certain project metrics in this earnings call and additional information about such metrics can be found in our earnings release. These statements involve risks and uncertainties that may cause actual results to differ from our expectations. Please refer to the 2025 Annual Reports filed with the SEC on March 30, 2026 and other filings for more information on the specific factors that could cause actual results to differ materially from our forward-looking statements. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that occur after this call. Additionally, non-IFRS financial measures may be discussed on the call. These non-IFRS measures should be considered in addition to and not as a substitute for or in isolation from our results prepared in accordance with IFRS. Reconciliations to the most directly comparable IFRS financial measures are available in the earnings release and the earnings presentation for today's call. which are posted on our investor relations webpage. With me this morning are Adi Leviatan, Chief Executive Officer of Enlight, Nir Yehuda, Chief Financial Officer of Enlight, and Jared McKee, Chief Executive Officer of Clinera. Adi will begin with an overview of our performance and key milestones achieved during the quarter, followed by Nir who will review our financial results for the second quarter. Jared will then provide an update on our U.S. operations and business activities. Our prepared remarks will be accompanied by a presentation. To follow along, please access the webcast or visit enlightenergy.com slash data slash financial dash reports. Following the prepared remarks, we will open the call for question and answer session. I will now turn the call over to Adi Leviatan, CEO of Enlight. Adi, please.

Good morning and good afternoon, everyone, and thank you for joining us today to discuss Enlight's second quarter 2026 results. The second quarter marked another period of strong execution for Enlight, underscoring the resilience of our global platform, the quality of our portfolio, and our consistent ability to deliver our business plan. That execution translated into record financial performance. Revenues and income increased by 55%. Adjusted EBITDA grew by 67%. Net profit reached $31 million and operating cash flow rose by 34% year over year to $84 million. These results demonstrate our ability to convert our project development portfolio into operating assets, growing earnings and driving cash generation. The market environment around us continues to evolve rapidly. Electricity demand is accelerating, driven by the rise of artificial intelligence, unprecedented digital infrastructure build-out, alongside additional electrification in industry and transportation. We believe this is a long-term infrastructure growth story and that the need for reliable, scalable, and cost-effective clean power has never been greater. Against this backdrop, In Light's diversified platform, disciplined execution, and capital allocation provide resilience and position us to meet the growing demand. Based on the strength of our results year-to-date and our updated outlook for the remainder of the year, we are raising our 2026 annual guidance. We are raising both revenues and income and adjusted EBITDA guidance by 4.5% and 3.6% at the midpoint. to $805 million and $575 million, respectively. The increase in guidance reflects the strong first half results, as well as elevated merchant prices in Europe and growth in our electricity trade activity in Israel. Our CFO Nir will review the results, guidance, and our financial position in more detail shortly. On the execution side, Q2 was equally strong. Let me highlight the key milestones. The mature component of our project portfolio grew by 6%, while our total portfolio grew by 4.6%, to a total of 43.1 factored gigawatt. We completed the financial close for the CO-BAR complex, our largest single financing to date, at $2.6 billion, structured with a consortium of seven leading global financial institutions. COVAR is a five-phase complex comprising 1.2 gigawatts of solar generation and 4 gigawatt hours of storage in Arizona, a flagship demonstration of our execution capability at scale. We signed a power purchase agreement with Google for our Solstice project in Oklahoma, our first commercial offtake agreement in the U.S., and our first PPA in the Southern Power Pool. We exceeded the upper range of our safe harbor targets, reaching 17.9 factored gigawatt of safe harbored capacity, positioning us to continue to drive highly profitable growth in the U.S. In addition, we are well positioned to capture the next wave of tax benefits in energy storage, which is in place until the end of 2033. We expanded our European storage footprint into two new and attractive markets, Finland and Romania. acquiring several mature projects with high expected returns. Some projects have already started construction during the quarter with commercial operation dates starting from 2028. Overall, our assets operated reliably, our projects advanced according to plan, and our financial results speak for themselves. Now, I will hand over the floor to Nir, our CFO, to review our quarterly results and guidance in more detail.