Energy Storage News•about 2 months ago
Enlight secures US$1.44 billion for Arizona hybrid PV plant with 1,900MWh BESS
Key Takeaway
This significant debt financing for a large-scale hybrid solar-plus-storage project in Arizona underscores strong investor confidence in dispatchable renewable energy solutions, offering a blueprint for developers and expanding options for large power consumers.
AI Summary
- •Enlight Renewable Energy secured US$1.44 billion in debt financing for its Snowflake A solar-plus-storage project in Holbrook, Arizona.
- •The project features a significant 1,900MWh Battery Energy Storage System (BESS) co-located with solar PV, highlighting the growing scale of hybrid renewable solutions.
- •This substantial financing demonstrates strong investor confidence and market appetite for large-scale, dispatchable renewable energy assets in the US.
- •For developers, it sets a benchmark for financing large hybrid projects; for large power consumers, it signals increasing availability of firm, renewable power options.
Topics
financingirappasolarstorage