Enlight Secures $340M for Arizona Solar-Battery Project

• Enlight secures $340M for Arizona's Roadrunner project, blending 290 MW solar with 940 MWh storage, boosting sustainable energy in Tucson.

Israel’s Enlight Renewable Energy Ltd has obtained USD 340 million through two tax equity partnership agreements for its Roadrunner project in Arizona. The hybrid project, located near Tucson, integrates 290 MW of solar photovoltaic capacity with 940 MWh of battery storage, enhancing renewable energy capabilities in the region.

The funding will support the development and operation of the project, which aims to contribute significantly to sustainable energy solutions. Enlight's investment in this hybrid model underscores the growing trend of combining solar power with battery storage to ensure a more reliable and efficient energy supply.

How will Enlight's Roadrunner project impact Arizona's renewable energy landscape?

• The Roadrunner project will significantly increase Arizona's solar energy capacity, contributing to the state's renewable energy goals.
• By integrating 290 MW of solar photovoltaic capacity, the project will help reduce reliance on fossil fuels and decrease greenhouse gas emissions.
• The 940 MWh of battery storage will enhance grid stability and reliability, allowing for energy storage during peak production times and distribution during high demand periods.
• This hybrid model will serve as a benchmark for future renewable energy projects in Arizona, promoting the adoption of similar technologies.
• The project is expected to create jobs during the construction and operational phases, boosting the local economy.
• Enlight's investment may attract further investments in renewable energy infrastructure in the region, fostering innovation and development.
• The Roadrunner project will contribute to Arizona's energy independence by diversifying its energy sources and reducing dependency on external energy supplies.
• It will support Arizona's commitment to achieving its renewable energy standards and targets, aligning with broader national and global sustainability efforts.