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
Solar + Storage
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
- Under Construction
- ISO/RTO
- WECC
- Source
- GlobeNewsWire
Capital Structure
Tranches
- Construction financing and term debt commitments · HSBC, ING Capital LLC, KeyBanc Capital Markets, MUFG Bank Ltd
- $304M
- Post-COD term loan (mini-perm, 5.8% all-in) · HSBC, ING Capital LLC, KeyBanc Capital Markets, MUFG Bank Ltd
- $166M
Finance Counterparties
Lenders & Capital Providers
- lenders
- HSBC, ING, KeyBanc Capital Markets, MUFG
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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