Over $1 billion financing for Arizona project: Enlight Renewable Energy, through its US subsidiary Clēnera Holdings, has closed a $1.438 billion debt financing for its 600 MW solar + 1,900 MWh storage project Snowflake A near Holbrook, Arizona. It is the largest project in Enlight’s portfolio to reach financial close and is expected to begin operations in H2 2027. The project has a 20-year power and storage agreement with Arizona Public Service. Financing was provided by a consortium of 6 global banks, including Wells Fargo, BNP Paribas, Natixis, Nord/LB, Crédit Agricole, and MUFG. Snowflake A forms part of a larger Snowflake complex. Phase II will leverage 1 GW grid interconnection, according to Enlight.
Financial close for solar and storage project: BrightNight and its joint venture partner Cordelio Power have reached financial close for the 300 MW AC Pioneer Clean Energy Center in Yuma, Arizona. The project pairs a 300 MW/1,200 MWh battery storage system with solar generation to supply reliable, dispatchable power under a long-term tolling agreement with a local utility. Financing was secured from a syndicate including Crédit Agricole, MUFG, Royal Bank of Canada, National Bank of Canada, CoBank, and ING. Construction is underway, with commercial operations expected by April 2027.
112.5 MW solar project in North Carolina: Utility-scale solar and energy storage development firm Headwater Energy has announced the close of construction financing for its 112.5 MW DC Gum Swamp Solar Project in North Carolina. The deal was arranged by BridgePeak Energy Capital and partially funded by Pathward. Once operational, the project will supply clean power equivalent to 17,000 homes annually. The financing supports Headwater’s expansion in the Southeast, where it already operates 177 MW DC and has a 2.8 GW DC development pipeline.
First Nation owned solar project in Canada: The Canada Infrastructure Bank (CIB) and George Gordon Development Limited (GGDL), the economic development arm of George Gordon First Nation, have reached financial close on a CAD 42 million loan for the 32.4 MW Wicehtowak Solar project in Saskatchewan, Canada. Supported by a $33 million grant from Natural Resources Canada under the Smart Renewables Electrification Pathways Program, the project is the 1st fully First Nation-owned clean energy initiative under the CIB’s Indigenous Community Infrastructure Initiative. Located on Treaty 4 territory in the rural municipality of Dufferin, the solar farm will supply renewable energy to the Saskatchewan grid and the nearby K+S Potash Canada mine under a 30-year virtual PPA with SaskPower. It features 66,175 bifacial panels expected to reduce emissions by over 21,000 tonnes annually.
15-year solar PPA in Arkansas: US-based independent power producer (IPP) Treaty Oak Clean Energy has signed a 15-year power purchase agreement (PPA) with global technology major Google for 100 MW from the Redfield Solar Project in Grant County, Arkansas. The 1,033-acre facility will supply clean energy exclusively to support Google’s data centers across the Midcontinent Independent System Operator (MISO) region. Backed by $123 million in financing, the project entered the construction phase in early 2025 and is expected to be completed by Q2 2026. The project will generate local tax revenue of about $9 million and create 275 construction jobs.
Solar for AstraZeneca: ENGIE Resources, a subsidiary of ENGIE North America, has signed a 9-year renewable energy supply agreement with pharmaceutical group AstraZeneca to power its manufacturing operations in Coppell, Texas. AstraZeneca will source solar energy and Renewable Energy Credits (RECs) from the 114 MW Tyson Nick Solar Project in Lamar County under the deal that runs through 2034. The agreement is expected to cut about 94,447 metric tons of carbon emissions, supporting AstraZeneca’s sustainability and net-zero goals.
Dispatch expands reach with new acquisition: Distributed energy solutions company Dispatch Energy has acquired Green Lantern Solar (GLS), adding over 64 solar and battery storage projects totaling 208.9 MW DC, at various stages of development, to its portfolio. The deal expands Dispatch’s total capacity to 489.5 MW and strengthens its presence in the distributed generation market across 9 US states of Georgia, Maryland, West Virginia, New York, New Hampshire, Vermont, Maine, Minnesota, and Wisconsin. The acquisition includes all of GLS’s operating and development assets, as well as its operations and maintenance business.
