Snowflake A is a solar plus battery energy storage project located near Holbrook, Arizona, developed by Enlight Renewable Energy’s U.S. subsidiary Clēnera Holdings. The project combines 600 MW of photovoltaic (PV) generation with 1,900 MWh of battery energy storage and is advancing toward commercial operation in the second half of 2027. Additionally, as the largest individual project in Enlight’s U.S. portfolio to reach financial close, Snowflake A secured $1.44 billion in construction financing from a consortium of six international lenders in November 2025. The project is also backed by a 20-year busbar power purchase agreement with Arizona Public Service (APS).

Enlight’s Snowflake A also continues to highlight its role as part of the Israel-headquartered company’s “Connect and Expand” development strategy. This is alongside other developments by Enlight, like the 5-phased CO Bar solar and battery storage complex also in Arizona. Once operational, Snowflake A is expected to supply clean energy to roughly 110,000 homes. The project will also generate long-term revenues and stable operating cash flows, forming a template for assets with the same structure in the Southwestern market.

Enlight Energy Locks $1.44 B Funding for its Snowflake A Project, Arizona

Reported November 10, 2025 – Enlight Renewable Energy has obtained approximately US $1.44 billion in debt financing for its Snowflake A solar-and-storage project near Holbrook, Arizona. The development combines 600 MW of solar generation with 1,900 MWh of energy storage and moves toward commercial operation in the second half of 2027. Furthermore, the project secures a 20-year busbar agreement with Arizona Public Service (APS), which strengthens predictable cash-flow for the build and operational phases.

The financing package was provided by a consortium of six major global banks including Wells Fargo Bank, N.A., BNP Paribas, Natixis, Nord/LB, Crédit Agricole and MUFG Bank, Ltd. Enlight expects to secure tax-equity investment during 2026, and structure the debt such that part converts to a term loan post-commercial-operation while the remainder is paid via tax-equity proceeds.The first full year after commercial operation is forecast to generate roughly US $128 million revenue and US $104 million EBITDA.

Project Factsheet

Developer: Israel-based Enlight Renewable Energy Ltd

U.S. subsidiary: Idaho-based Clēnera Holdings

Location: Near Holbrook, Arizona, USA

Capacity: 600 MW solar and 1,900 MWh energy-storage

Debt-financing committed: US $1,438 million from six banks

Offtake: 20-year busbar PPA with Arizona Public Service (APS)

Target commercial operation: Second half of 2027

Estimated new homes served: 110,000 Arizona homes once operational

Significance of the Project

From a construction-industry perspective, Snowflake A represents a large-scale industrial build involving major civil, structural, mechanical and electrical scopes. Contractors will engage in site-preparation works, large foundations for solar arrays and storage systems, modular equipment installation and utility-scale grid-interconnect overhead systems. Because of the energy-storage component, the project adds complexity. Additional requirements include specialized foundations, fire-protection systems, battery-containment design and high-capacity AC/DC conversions.

For the supply chain, the committed debt financing and long-term PPA reduce revenue risk, making subcontracting opportunities more robust and accessible. A similar momentum can be seen with Florida’s largest floating solar infrastructure led by D3Energy, demonstrating how advanced renewable technologies are expanding into new environments such as water-based installations. Additionally, for contractors in Africa, Asia and emerging markets, this project offers transferable lessons: how to deliver utility-scale solar-plus-storage plants, manage large-bank financing, and undertake next-gen energy-infrastructure builds. Finally, Snowflake A also signals the increasing value of integrated solar-and-storage infrastructure as part of national grids—disciplined construction firms that can execute at scale may position themselves well for the next wave of global renewable-energy developments.