Enlight Renewable Energy has secured debt financing for the energy storage and solar project in the US, Country Acres, located near Sacramento, California, which consists of 403 MW of solar generation and 688 MWh of energy storage capacity.

Construction on the 966-acre site has already begun. The project is expected to begin commercial operations in the second half of 2026 and provide clean electricity equivalent to the annual average consumption of approximately 80,000 California homes.

According to the company, the debt financing package includes $773 million in construction loans, which Enlight secured through its subsidiary, Clenera Holdings LLC. Once commercial operations begin, the construction loan is expected to convert into a $376 million term loan.

The financing agreements were made with a consortium of four global banks, including BNP Paribas Securities Corp, Crédit Agricole, Natixis Corporate & Investment Banking, and Nord/LB.

The project has a 30-year solar generation busbar power purchase agreement (PPA) and a 20-year energy storage busbar PPA with the Sacramento Municipal Utility District.

Clenera’s President and CEO, Adam Pishl, said, "Country Acres is one of several significant solar and energy storage projects that Enlight and Clenera are currently developing in the US.