Loan & DebtJun 25, 2026, 06:07 AM
Enlight Secures $2.62B Debt for CO Bar Complex
AI Summary
Enlight Renewable Energy Ltd. announced the financial close for its CO Bar Complex in Arizona, USA, securing $2.622 billion in debt financing. The complex comprises five solar and energy storage projects with a total capacity of 1.2 GW solar and 4.0 GWh storage. Construction for CO Bars 1-3 is fully mobilized, with CODs expected in late 2027 and early 2028, projecting $250-260 million in revenues and $200-210 million in EBITDA for the first full year of operations.
Key Highlights
- Secured $2,622 million in debt financing for the CO Bar Complex.
- CO Bar Complex includes 1.2 GW of solar power and 4.0 GWh of energy storage capacity.
- Total Complex investment is estimated at $2,900-3,045 million.
- Projected first full year revenues are $250-260 million.
- Projected first full year EBITDA is $200-210 million.
- Term loans are structured with an all-in interest rate of 5.9%.
- Commercial operation dates (CODs) expected in H2 2027 and H1 2028.
Price Impact
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