Clēnera Holdings secures $1.438B financing for Snowflake A 600 MW solar + 1,900 MWh storage project
Type: Financing · Technology: Solar, Storage · Country: United States · Capacity: 600 MW · Value: $1.44B · Announced: 2025-11-13
Clēnera Holdings, the US subsidiary of Enlight Renewable Energy, closed $1.438 billion of debt financing from a consortium of six global banks to advance the 600 MW solar and 1,900 MWh storage Snowflake A project near Holbrook, Arizona, which has a 20-year power and storage agreement with Arizona Public Service and is expected to begin operations in H2 2027.
Counterparties
- Enlight Renewable Energy Ltd (Parent)
- Crédit Agricole S.A (Lender)
- Mitsubishi UFJ Financial Group, Inc. (MUFG) (Lender)
- BNP Paribas S.A (Lender)
- Wells Fargo & Company (Lender)
- Natixis S.A (Lender)
- Arizona Public Service (Offtaker)
- Clēnera Holdings, Inc (Developer)
- Norddeutsche Landesbank Girozentrale (NORD/LB) (Lender)
📈 The Sherpa Signal — one notable infrastructure deal a day.
📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.