Enlight Renewable Energy, a global renewable energy developer headquartered in Israel, announced that its US subsidiary Clēnera Holdings has secured two tax equity partnership agreements totaling approximately $340 million for the Roadrunner Solar and Energy Storage Project near Tucson, Arizona. The agreements include J.P. Morgan Chase Bank, N.A. financing the project’s 290 MW solar component and M&T Bank together with First Citizens Bank financing the 940 MWh storage system, with commitments expected to rise to nearly $390 million including pay-go contributions. The Roadrunner project involves a total investment of $621 million and has already begun test energy production, with full commercial operation anticipated by the end of 2025. Once operational, the facility is projected to generate annual revenues exceeding $50 million and EBITDA of about $40 million. The facility is expected to enhance energy supply reliability and market stability, Supported by a 20-year power purchase agreement with Arizona Electric Power Cooperative.
Enlight finalizes $340M tax equity deals for Arizona Roadrunner project
J.P. Morgan, M&T Bank, and First Citizens Bank have provided $340M tax equity for Enlight’s Roadrunner project in Arizona with solar and storage.
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