FinancingClosedMarch 16, 2026

Crimson Orchard — 120 MW solar + 400 MWh BESS in Elmore County, Idaho

$304M construction financing and term debt commitments. Post-COD term loan of $166M at 5.8% all-in. 20-year busbar solar PPA and 20-year storage tolling agreement with Idaho Power. Developed by Clenera, Enlight's US subsidiary.

$304M

Deal Value

120MW

Capacity

400MWh

Storage

Hybrid

Technology

ID

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Enlight Renewable Energy
Buyer / Financier
HSBC, ING, KeyBanc Capital Markets, MUFG
Offtaker
Idaho Power
Deal Value
$304M
Stage
Construction
ISO/RTO
WECC

Finance Counterparties

Lenders & Capital Providers

lenders
HSBC, ING, KeyBanc Capital Markets, MUFG

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