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January 30, 2023
Gilad Yavetz
Chief Executive Officer and Director
Enlight Renewable Energy Ltd.
13 Amal St. Afek Industrial Park,
Rosh Ha’ayin, Israel
Re:Enlight Renewable Energy Ltd.
Registration Statement on Form F-1
Filed January 20, 2023
File No. 333-269311
Dear Gilad Yavetz:
            We have reviewed your registration statement and have the following comments.  In
some of our comments, we may ask you to provide us with information so we may better
understand your disclosure.
            Please respond to this letter by amending your registration statement and providing the
requested information.  If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form F-1 filed January 20, 2023
Summary
Overview, page 1
1.With regard to your disclosure on pages 2 and 90 of an annualized ratio computed with an
amount for invested capital in projects that were operational as of July 1, 2022, please tell
us how you define the “invested capital” used as the denominator of the ratio. In addition,
expand the disclosure regarding the rationale for your annualization of a three month
period to address why you do not deem seasonality to be a factor that should be
considered in the calculation of this ratio. In this regard, we note disclosure on page 67
that addresses why seasonality is mitigated in your circumstances.

 FirstName LastNameGilad Yavetz
 Comapany NameEnlight Renewable Energy Ltd.
 January 30, 2023 Page 2
 FirstName LastName
Gilad Yavetz
Enlight Renewable Energy Ltd.
January 30, 2023
Page 2
Recent events, page 4
2.We note you have identified here and on page 106, the acquisition of greenfield
development rights in Serbia and Italy as significant events that occurred in December
2022. Please revise to disclose the financial effect of these transactions or otherwise
advise.
Management's discussion and analysis of financial condition and results of operations
Overview and business, page 65
3.We note the addition of disclosure describing an average profit per kilowatt earned by
Clenera prior to your ownership here and on page 93. However, it is not clear that
quantification of a historical average profit in this manner is useful to the investor without
appropriate context. Please revise to describe how this average profit has been
calculated and the time frame it covers.
Significant factors and trends affecting our business
Rising power prices across Europe and the United States, page 66
4.We note the addition of disclosure stating that “in the third quarter of 2022, our first
operational quarter for project Gecama in Spain, we sold electricity at an average net price
of EUR 103 per MWh.” Please revise to provide further context to your discussion
surrounding an average net price.
Notes to the financial statements as of December 31, 2021
Note 28 - Operating segments, page F-84
5.We note the analysis you provided as it relates to your presentation of Segments
Revenues in response to prior comment 16 in our letter dated September 21, 2022, prior
comment 3 in our letter dated December 5, 2022, and the additional information you
provided to us over the phone. However, based on the guidance in IFRS 8, Operating
Segments, we object to the Company’s presentation of Segments Revenues within the
segment footnote, specifically the inclusion of “Proceeds from the sale of electricity, as
IFRS 8.23(a) requires disclosure of “revenues from external customers,” which does not
permit disclosure of amounts that are not revenue recognized in the current period. Please
revise your segment disclosures accordingly.
General
6.Please update your executive compensation disclosures to include any compensation paid
for the fiscal year ended December 31, 2022. Refer to Form F-1 and Item 6.B of Form 20-
F for guidance.

 FirstName LastNameGilad Yavetz
 Comapany NameEnlight Renewable Energy Ltd.
 January 30, 2023 Page 3
 FirstName LastName
Gilad Yavetz
Enlight Renewable Energy Ltd.
January 30, 2023
Page 3
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
            Refer to Rules 460 and 461 regarding requests for acceleration.  Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            You may contact Jennifer O'Brien, Staff Accountant, at (202) 551-3721 or Kimberly
Calder, Assistant Chief Accountant, at (202) 551-3701 if you have questions regarding
comments on the financial statements and related matters. Please contact Liz Packebusch, Staff
Attorney, at (202) 551-8749 or Irene Barberena-Meissner, Staff Attorney, at (202) 551- 6548
with any other questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc:       Joshua G. Kiernan