Arizona Public Service to Secure Power from CO Bar Solar, One of the Largest Solar Projects in the U.S.

PHOENIX, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Clēnera, an Enlight Company (“Enlight”, NASDAQ: ENLT, TASE: ENLT.TA), today announced a 20-year power purchase agreement (“PPA”) with Arizona Public Service (APS), Arizona’s largest utility, for 258 MW of solar and 824 MWh of battery storage at the CO Bar complex outside of Flagstaff, Arizona.

The CO Bar complex is a landmark solar and storage complex being developed by Clēnera, a subsidiary of Enlight Renewable Energy. The complex comprising a total of 1.2 GW and 824 MWh of battery storage is expected to be one of the largest renewable energy installations in the United States.

“We are excited to work with APS to develop the first combined solar and storage project at the CO Bar complex and help drive Arizona’s clean energy initiatives to deliver affordable, clean power to households in the state,” said Gilad Yavetz, CEO of Enlight.

The agreement with APS reflects the third power purchase agreement signed at the complex - but the first with battery storage. Post execution of the PPA with APS, the entire complex is now contracted to leading utilities in Arizona. The complex is on schedule to commence construction by the end of the year and to reach operation in phases over the course of 2025.

Jason Ellsworth, CEO at Clēnera, added: “We look forward to our partnership with APS and are proud to have established ourselves as a key player and a preferred partner in the state and are excited to pursue future opportunities to develop additional renewable energy projects here.”

About Enlight Renewable Energy
Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 9 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its US IPO (NASDAQ: ENLT) in 2023. Learn more at enlightenergy.co.il.

About Clēnera
Clenera, LLC ("Clēnera"), a subsidiary of Enlight Renewable Energy, develops, finances, constructs, owns, and operates utility-scale solar farms and energy storage facilities throughout the United States. Combining breakthrough technology with a deeply integrated team approach, Clēnera provides reliable, affordable energy systems and helps its utility partners become clean energy leaders in their communities. Learn more at clenera.com.