Enlight Renewable Energy has secured debt financing for the Country Acres solar and energy storage project in California.
Located near Sacramento, the project includes 403MW of solar capacity and 688MWh of energy storage. Construction on the 966-acre site is already underway, with all procurement contracts in place.
The financing package totals $773m in construction loans, arranged through Enlight’s subsidiary, Clenera Holdings LLC.
Once the project begins commercial operations, expected for Q3-Q4 of 2026, the loan is expected to convert into a $376m term loan.
The project has long-term power purchase agreements (PPAs) with the Sacramento Municipal Utility District – 30 years for solar generation and 20 years for energy storage.
The facility is projected to generate enough clean electricity to power approximately 80,000 Californian households.
Renewed relationship
Adam Pishl, president and CEO of Clenera, says: “We are grateful to once again be partnering with leading banks on one of our largest projects.
“The American-generated, reliable energy produced at Country Acres will be fuelling the homes and businesses in central California for decades to come.”
Country Acres is part of Enlight and Clenera’s expanding U.S. portfolio, including Quail Ranch (128 MW/400 MWh) and Roadrunner (290 MW/940 MWh).
“This is the second financial closing we have accomplished with the same group of lenders in the past three months,” adds Enlight USA general manager Ilan Goren.
“We look forward to further deepening this relationship as Enlight and Clenera continue the build-out of our large U.S. project portfolio.”
Upcoming projects include Snowflake (600 MW/1900 MWh) and CO Bar (1211 MW/824 MWh), both nearing the end of their development phase with construction set to begin soon.
Each will feature a 1 GW grid connection, among the largest in the US.
