Enlight Renewable Energy announced it has reached major development milestones for the Arizona-based CO Bar Complex and will now move the project into full-scale execution.
Among the largest clean energy projects in the U.S., the Complex includes five stages, for a total of 1.211 gigawatts (GW) of solar generating capacity and 4 gigawatt hours (GWh) of energy storage capacity.
It is expected to generate approximately $264 to $278 million within the first year of operations and enough power for around 215,000 Arizona homes.
The project has entered into a 1 GW AC Large Generator Interconnection Agreement, as well as two 20-year busbar Energy Service Agreements with Salt River Project.
“CO Bar represents a major step forward for Enlight’s U.S. platform,” said Adi Leviatan, CEO of Enlight, in a statement. “Reaching full interconnection and completing the commercial framework for such a large-scale, integrated solar and storage complex demonstrates our ability to execute at scale, deepen partnerships with leading utilities, and deliver long-term value from high-quality renewable assets.”
The progress marks a significant milestone for Enlight’s U.S. operations, coming months after the financial closing of another large-scale project, Snowflake, which combines 600 megawatts (MW) of solar and 1,900 megawatt hours (MWh) of storage.
Jared McKee, CEO of Clēnera, added, “We are excited to have reached these milestones on the CO Bar project. The CO Bar project is a special project and signifies Clēnera’s ability to build large utility scale solar facilities that not only generate and store reliable clean energy but support regenerative land management principles.”
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