Enlight Renewable Energy has reached final development milestones for the CO Bar complex in Arizona, clearing the way for full-scale execution of its largest project to date.
The company said the five-stage complex totals 1.2GW of solar capacity and 4GWh of storage and has now secured a 1GW interconnection agreement alongside 20-year energy service agreements for the CO Bar 4 and 5 storage stages.
The full project is expected to generate USD264-278 million from electricity sales in its first year of operation and will require an investment of USD2.86-3.01 billion, or USD1.55-1.63 billion net of tax benefits.
Construction has begun on CO Bar 1-2, with full mobilisation on CO Bar 3-5 due within 12 months ahead of staged commercial operations from the second half of 2027 to the first half of 2028.
“CO Bar represents a major step forward for Enlight’s U.S. platform,” said Adi Leviatan, chief executive of Enlight.
“Reaching full interconnection and completing the commercial framework for such a large-scale, integrated solar and storage complex demonstrates our ability to execute at scale, deepen partnerships with leading utilities, and deliver long-term value from high-quality renewable assets.”
“We are excited to have reached these milestones on the CO Bar project,” added Jared McKee, chief executive of Clēnera. “The CO Bar project is a special project and signifies Clēnera’s ability to build large utility scale solar facilities that not only generate and store reliable clean energy but support regenerative land management principles.”