Enlight Renewable Energy Secures $304 Million Financing for Crimson Orchard Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy ENLT?
Enlight Renewable Energy has secured $304 million in construction financing and term debt commitments for the Crimson Orchard project in Elmore County, Idaho. The financing commitments were provided by a group of leading global lenders: HSBC, ING Capital LLC, KeyBanc Capital Markets, and MUFG Bank, Ltd. Crimson Orchard is a co-located solar and energy storage project totaling 120 MW of solar power generation capacity and 400 MWh of energy storage capacity. The project is currently under construction and is expected to reach commercial operation during the first half of 2027. Crimson Orchard represents a total investment of $326-342 million, with estimated tax equity proceeds of $160-170 million and total project investment net of tax equity of $162-172 million. In its first full year of operation, the project is expected to generate $27-28 million in revenue and approximately $20-21 million in EBITDA. The project is backed by a 20-year busbar solar power purchase agreement and a 20-year energy storage tolling agreement with Idaho Power, providing long-term contracted revenues. The project was qualified for safe harbor status in 2025, as part of the 13 FGW1 that Enlight has successfully safe-harbored to date.
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Analyst Views on ENLT
Wall Street analysts forecast ENLT stock price to fall
6 Analyst Rating
3 Buy
1 Hold
2 Sell
Hold
Current: 68.260
Low
35.00
Averages
41.57
High
47.00
Current: 68.260
Low
35.00
Averages
41.57
High
47.00
About ENLT
Enlight Renewable Energy Ltd is an Israel-based company. Enlight Renewable Energy Ltd operates in the fields of wind energy and solar energy in Israel and in the international market. The Company has four geographical areas of activity such as, Renewable energy activity in Israel within this field, the company engages in the initiation, planning, development, financing, establishment and operation of photovoltaic projects that produce electricity from solar energy in Israel, Central-Eastern Europe that includes wind projects across Central Eastern Europe but also Balkan region , Western Europe where the Company works to develop and establish large wind projects in developed electricity markets in Western European countries, which are mostly based on the sale of electricity in Spain, Sweden and Ireland.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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