Enlight Secures Milestones for 1.2 GW Arizona Solar-Storage Complex
Event summary
- Enlight finalized interconnection and offtake agreements for the 1.2 GW CO Bar solar-storage complex in Arizona, its largest U.S. project.
- The complex includes 1.211 GW of solar capacity and 4.0 GWh of storage, with a $2.86B–$3.01B total investment.
- First-year revenue is projected at $264M–$278M from electricity sales, powering ~215,000 Arizona homes.
- Construction began on CO Bar 1-2, with full mobilization for CO Bar 3-5 expected within 12 months.
- Commercial operations are slated to start in late 2027, ramping through early 2028.
The big picture
Enlight’s CO Bar complex represents a strategic bet on the growing demand for large-scale, integrated solar-storage solutions in the U.S. The project’s success could validate the company’s ‘connect-and-expand’ strategy, which aims to reduce development risks by leveraging existing interconnections. With a portfolio nearing 6,500 MW of mature projects, Enlight is positioning itself as a key player in the transition to renewable energy, though it must navigate regulatory and operational challenges to sustain growth.
What we're watching
- Execution Risk
- Whether Enlight can maintain its aggressive construction timeline across all five stages of the CO Bar complex.
- Market Positioning
- How the CO Bar project will solidify Enlight’s role as a top-tier U.S. renewable developer amid growing competition.
- Regulatory Dynamics
- The impact of potential policy shifts on the project’s long-term profitability, particularly around tax incentives and energy pricing.
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