Enlight Renewable Energy secures $1.44 billion debt financing for Snowflake A project
Type: Financing · Technology: Solar, Storage · Country: United States · Capacity: 600 MW · Value: $1.44B · Announced: 2024-11-07
Enlight Renewable Energy's U.S. subsidiary Clēnera Holdings secured $1.438 billion in debt commitments from a six‑bank consortium to finance the Snowflake A 600 MW solar / 1,900 MWh storage project near Holbrook, Arizona, which is expected to reach commercial operation in H2 2027.
Counterparties
- Enlight Renewable Energy (Clēnera Holdings) (Developer)
- Wells Fargo Bank, N.A (Lender)
- MUFG Bank (Lender)
- Crédit Agricole Corporate and Investment Bank (Lender)
- BNP Paribas (Lender)
- NORD/LB (Lender)
- Natixis Corporate and Investment Banking (Lender)
📈 The Sherpa Signal — one notable infrastructure deal a day.
📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.