Clenera announces leadership transition as CCO McKee to become CEO

BOISE, Idaho - Clenera, the U.S. subsidiary of Enlight Renewable Energy (NASDAQ:ENLT; TASE:ENLT.TA), announced Monday that Chief Commercial Officer Jared McKee will become CEO on October 1, 2025, as current CEO and co-founder Adam Pishl transitions to Vice Chair of the company’s Board. The leadership change comes as Enlight demonstrates strong financial performance, with InvestingPro data showing impressive revenue growth of 44% and industry-leading gross margins of 78%.

Pishl, who has led Clenera’s transformation from a founder-led developer into an integrated development platform and independent power producer, will continue to support the company’s strategic direction in his new role while expanding his philanthropic activities.

McKee brings nearly a decade of experience at Clenera, where he has served in various leadership positions. As Chief Commercial Officer, he led cross-functional teams focused on execution initiatives that contributed to the company’s growth trajectory.

"One of my greatest accomplishments has been assembling a team of exceptional professionals and building the culture, processes, and structure to support their talents," said Pishl. "Jared is a strong, thoughtful leader, a strategic thinker, and deeply committed to Clenera’s mission."

Gilad Yavetz, Enlight CEO, expressed confidence in the leadership transition, noting that McKee’s appointment "reflects the strength and continuity of Clenera’s leadership."

Clenera develops, finances, constructs, owns, and operates utility-scale solar farms and energy storage facilities throughout the United States. Its parent company, Enlight Renewable Energy, operates across solar, wind, and energy storage segments globally.

The announcement was made in a company press release statement.

In other recent news, Enlight Renewable Energy has secured $310 million for the expansion of its Gecama Wind Project in Spain, aiming to create the nation’s largest hybrid renewable energy complex. This project will integrate wind, solar, and battery storage, with expected annual revenues of $95–105 million and EBITDA of $75–80 million. Additionally, Enlight has announced the financial closure of its Quail Ranch project in New Mexico, securing $243 million in construction financing. This project, featuring 128 MW of solar generation and 400 MWh of battery storage, is part of a broader initiative that has seen Enlight secure $1.5 billion for three U.S. projects.

Enlight has also entered into a 12-year contract with Vishay Israel Ltd., valued at approximately $105 million, positioning the company at the forefront of Israel’s renewable energy shift. In analyst updates, Mizuho raised its price target for Enlight Renewable Energy to $19, maintaining a Neutral rating, with potential upside to revenue and EBITDA estimates for fiscal years 2026 and 2027. The company’s growth prospects in the United States and recent project completions were factors in this revision. These developments highlight Enlight’s strategic focus on expanding its global renewable energy footprint and optimizing financial returns.

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