Enlight secures USD 304 million construction financing for Idaho’s 120 MW Crimson Orchard solar-storage project

Reuters03-16 18:08

Enlight secures USD 304 million construction financing for Idaho’s 120 MW Crimson Orchard solar-storage project

Enlight said its indirect U.S. subsidiary entered into a debt financing agreement for the Crimson Orchard solar-plus-storage project in Elmore County, Idaho. The project is expected to have 120 MW of solar generation capacity and 400 MWh of energy storage. Enlight, through a Clenera subsidiary, secured construction financing commitments totaling USD 304 million from HSBC, ING, KeyBanc and MUFG. After commercial operation, part of the construction financing is expected to convert into a USD 166 million term loan, and the project is expected to reach COD in H1 2027. Enlight said Crimson Orchard has a 20-year busbar solar PPA and an energy storage agreement with Idaho Power.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enlight Renewable Energy Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-000879), on March 16, 2026, and is solely responsible for the information contained therein.

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The project is expected to have 120 MW of solar generation capacity and 400 MWh of energy storage. Enlight, through a Clenera subsidiary, secured construction financing commitments totaling USD 304 million from HSBC, ING, KeyBanc and MUFG. After commercial operation, part of the construction financing is expected to convert into a USD 166 million term loan, and the project is expected to reach COD in H1 2027. Enlight said Crimson Orchard has a 20-year busbar solar PPA and an energy storage agreement with Idaho Power.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enlight Renewable Energy Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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