Core Insights - BrightNight, in partnership with Cordelio Power, has achieved financial close on the Greenwater energy storage project, a significant step in supporting Washington's clean energy transition [1][4] Project Financing - The total financing for the Greenwater project is nearing $400 million, backed by a consortium of banks including Royal Bank of Canada and Credit Agricole Corporate and Investment Bank, enabling full-scale development [2] Project Details - The Greenwater project features a 200MW lithium-ion battery energy storage system designed to provide capacity and grid services to Puget Sound Energy, marking the first asset in the Pacific Northwest jointly owned by BrightNight and Cordelio [1][3] - The project will connect to the grid via a short tie line to the White River substation and is designed to minimize environmental impact without requiring operational water [3][5] Strategic Importance - BrightNight's CEO emphasized that the Greenwater project is a major advancement in modernizing the grid in the Pacific Northwest, showcasing the role of storage and digital innovation in delivering reliable clean energy [4] - The project is recognized for its emergency management and safety plan, focusing on low-impact siting and site restoration post-decommissioning [5] Development Timeline - Development is currently underway, with construction and commissioning planned to align with the project's commercial operation date next year [6] Industry Impact - The project underscores the critical role of battery storage in facilitating renewable energy integration across the Pacific Northwest [7]

Core Insights - Enlight Renewable Energy's U.S. subsidiary Clēnera Holdings has secured debt financing for its largest project, Snowflake A, which combines 600 MW of solar power generation and 1,900 MWh of energy storage capacity under a 20-year busbar PPA with Arizona Public Service [1][4][5] - The project is expected to generate approximately $128 million in revenue and $104 million in EBITDA in its first full year of operation, contributing enough energy to power nearly 110,000 Arizona homes [2][5] Project Details - Snowflake A is part of a broader Snowflake complex in Arizona, with further expansion planned, leveraging a strategic 1 gigawatt grid interconnection to enhance operational efficiencies [3][5] - The project is expected to achieve commercial operation in the second half of 2027 [2] Financial Aspects - Enlight has secured commitments totaling $1.438 billion from a consortium of six leading global banks for the financing of Snowflake A [5] - A portion of the loan is anticipated to convert into a term loan post-commercial operation date (COD), with the remaining loans to be repaid using tax equity proceeds [5] Strategic Importance - The financing highlights Enlight's strong relationships with global lenders and supports its strategy to scale in high-growth U.S. markets [6] - The project exemplifies Enlight's "Connect and Expand" strategy, which aims to maximize returns while minimizing risks through robust grid connections [3][6] Company Overview - Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects across solar, wind, and energy storage segments [7] - The company operates in the U.S., Israel, and ten European countries, and has been publicly traded since 2010 [7]

Core Insights - Arizona Public Service announced plans to construct the Desert Sun Power Plant, a new natural gas facility aimed at addressing the increasing energy demands in Arizona [1] Company Summary - Arizona Public Service is taking proactive steps to enhance its energy infrastructure by developing the Desert Sun Power Plant [1] Industry Summary - The construction of the Desert Sun Power Plant reflects the broader trend in the energy sector towards natural gas facilities to meet growing energy needs [1]

Core Insights - Recurrent Energy has secured $825 million in construction financing and tax equity for its Desert Bloom Storage and Papago Solar projects, which are part of a partnership with Arizona Public Service (APS) to meet increasing power demands [1][2][3] Project Details - Desert Bloom Storage is a 600 MWh standalone energy storage facility, while Papago Solar is a 150 MWac solar power plant, both located in Maricopa County and expected to begin operations in the first half of 2026 [2] - The projects are designed to enhance the reliability of energy supply and support APS's growing customer base, which has set new peak energy demand records for three consecutive years [3][4] Financial and Operational Support - The financing was provided by Nord/LB, MUFG, CoBank, Siemens Financial Services, and tax equity from Wells Fargo, indicating strong institutional support for renewable energy projects [1][3] - Primoris Services Corporation and Blattner Energy are responsible for the engineering, procurement, and construction of the respective projects, employing hundreds of construction workers [3][4] Company Background - Recurrent Energy, a subsidiary of Canadian Solar Inc., has developed, built, and connected 12 GWp of solar projects and 6 GWh of energy storage projects globally, with a pipeline of approximately 26 GWp of solar power and 73 GWh of energy storage capacity [5] - Canadian Solar is recognized as one of the largest solar technology and renewable energy companies, having delivered nearly 165 GW of solar photovoltaic modules globally [6][7]