Enlight Renewable Energy has closed financing for the energy storage portion of its Atrisco Solar and Energy Storage project, located outside Albuquerque, N.M.
Financing for the solar portion of the project closed last December.
The project, spread across 1,700 acres, contains 364 MW of solar generation capacity and 1.2 GWh of battery storage. Costing $827 million to build, it is set to be financed by $290 million of term debt and $420 million of tax equity, with Enlight’s long-term equity investment amounting to $117 million.
As part of the close, Enlight through its subsidiary, Clenera Holdings, entered into a loan agreement with a consortium of eight banks led by HSBC, totaling $401 million to finance project construction. The loan will convert into a $185 million term loan from the same group of lenders and tax equity financing of $222 million provided by U.S. Bancorp Impact Finance upon the project’s COD.
The term loan is structured with a 20-year underlying amortization profile with a five-year mini perm, and is subject to an all-in interest rate.
Tax equity was provided by Bank of America. The project’s tax equity financing qualified for the Energy Community IRA adder due to a brownfield addition to the project.
Project construction was led by RES, and the battery energy storage system provided by Tesla. Atrisco has signed a 20-year busbar PPA agreement with Public Service Company of New Mexico covering both electricity production and energy storage.
“The Atrisco complex is Enlight’s flagship project in the United States, and today’s financial close is another important step in the completion of this project,” says Gilad Yavetz, CEO of Enlight.
“We look forward to the phased COD of Atrisco, expected to begin during this quarter, in which years of effort will finally come to fruition. Enlight is embarking on an ambitious and rapid growth plan in the U.S., which is set to become a major market for us in the coming years, complementing the large and growing capacity footprint we have built up in MENA and Europe. Atrisco represents another step of this major expansion.”
The project is currently in the commissioning phase leading up to partial COD, and is expected to reach full COD later this year.
The post Enlight Closes on Atrisco Energy Storage Project appeared first on Solar Industry.
The meme here depicts where the United States has gone recently. Our president starts an illegal and unnecessary war.
Can he stop it? Neither quickly nor easily.
Does he deserve the Nobel Peace Prize? Absolutely.
In case it’s not already clear, Trump supporters buy virtually zero of Neil Young’s music, if only because it’s aggressively anti-racist, e.g. “Southern Man,” and “Alabama.”
Imagine you’re a white person living in the Deep South, and you come across these lyrics: “Alabama, you have the rest of the union to help you along. What’s going wrong?”
How large is your appetite for this man’s music?
Here’s another reminder of how far to the extreme low brow right the American conservative movement has swung.
The only political experience Mike Lindell has comes from his having eagerly accepted Trump’s lie that the 2020 election was rigged with massive voter fraud, for which there is exactly zero evidence.
As a consequence, Lindell is facing multiple lawsuits, including a June 2025 verdict ordering him to pay $2.3 million to a former Dominion Voting Systems employee for defamation. He also faces lawsuits from Smartmatic for defamation and a suit over a $3 million unpaid loan.
That’s it, folks. No experiencing running a small town in Alabama, let alone a state full of well-educated progressives in which Trump lost to Kamala Harris by a full 4% in 2024.
Conservative Political Action Committee (CPAC) Endorses Mike Lindell
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