Enlight Secures $150 Million Tax Equity for New Mexico Solar Project
Israel-headquartered independent power producer (IPP) Enlight has secured $150 million in financing to support a solar-plus-storage project in the US.
The financing deal was signed with US bank Wells Fargo for the Quail Ranch project in New Mexico, a 128MW/400MWh solar-plus-storage project currently under construction and owned by Enlight’s US subsidiary Clēnera Holdings.
- Project location: New Mexico
- Project capacity: 128MW/400MWh
- Financing amount: $150 million
- Expected online date: towards the end of 2025
The tax equity financing will provide production tax credits (PTC) for the solar and investment tax credits (ITC) for the storage portions of the project.
Author's summary: Enlight secures $150 million for US solar project.