Enlight Renewable Energy Closes Construction Financing for Quail Ranch Project in New Mexico
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Enlight Renewable Energy has secured $243 million in construction financing for its Quail Ranch project in New Mexico, which will feature 128 megawatts of solar generation and 400 megawatt-hours of battery storage. The project is expected to be completed by the end of this year and has a 20-year power purchase agreement with the state's Public Service Company. The financing was facilitated by BNP Paribas, Credit Agricole, Natixis, and Norddeutsche Landesbank. The company's shares rose 0.2% in Monday trading.
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