Loan & DebtJun 25, 2026, 08:01 AM
Enlight Secures $2.6B Debt for CO Bar Complex in Arizona
AI Summary
Enlight Renewable Energy's U.S. subsidiary, Clēnera Holdings, has secured a debt financing framework agreement totaling approximately $2.6 billion for its CO Bar Complex in Arizona. This complex, one of the largest in the U.S., features 1.2 GW of solar power generation and 4.0 GWh of energy storage. The project, with a total investment of $2.9 billion to $3.045 billion, is expected to generate $250 million to $260 million in revenues and $205 million to $210 million in EBITDA in its first full year of operation, with commercial operation anticipated in phases from late 2027 to mid-2028.
Key Highlights
- Enlight's Clēnera secured $2.6 billion debt financing for the CO Bar Complex.
- CO Bar Complex includes 1.2 GW solar power and 4.0 GWh energy storage capacity.
- Expected to generate $250M-$260M in revenues in its first full year of operation.
- Expected to generate $205M-$210M in EBITDA in its first full year of operation.
- Total Complex investment is estimated at $2,900M to $3,045M.
- Commercial operation expected in phases from H2 2027 through H1 2028.
- The Complex is fully subscribed through five offtake agreements.
Price Impact
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