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The latest update is out from Enlight Renewable Energy ( (IL:ENLT) ).
Enlight Renewable Energy announced in March 2026 that a U.S. subsidiary has reached financial close for the Crimson Orchard project, a 120 MW solar and 400 MWh storage facility under construction in Elmore County, Idaho, which is expected to achieve commercial operation in the first half of 2027. The project benefits from a 20-year power purchase and energy storage agreement with Idaho Power, reinforcing Enlight’s presence in the U.S. renewable sector.
The company secured $304 million in construction debt financing from a syndicate including HSBC, ING, KeyBanc Capital Markets, and MUFG, with a portion expected to convert post-COD into a $166 million term loan carrying a 5.8% all-in interest rate and mini-perm structure. Total project investment at COD is projected at $326–342 million, with $160–170 million in tax equity proceeds and first full-year revenues and EBITDA estimated at $27–28 million and $20–21 million respectively, positioning Crimson Orchard as a material contributor to Enlight’s U.S. growth despite cost uncertainties linked to recent U.S. tariffs on equipment.
The most recent analyst rating on (IL:ENLT) stock is a Sell with a ILs37.00 price target. To see the full list of analyst forecasts on Enlight Renewable Energy stock, see the IL:ENLT Stock Forecast page.
More about Enlight Renewable Energy
Enlight Renewable Energy Ltd. is an Israel-based renewable power producer focused on developing, financing, constructing, and operating utility-scale solar and energy storage projects globally, including in the U.S. market. Through subsidiaries such as Clenera Holdings LLC, the company targets long-term contracted assets, often backed by power purchase agreements with regulated utilities.
YTD Price Performance: 47.60%
Average Trading Volume: 501,396
Technical Sentiment Signal: Buy
Current Market Cap: ILs30.73B
For detailed information about ENLT stock, go to TipRanks’ Stock Analysis page.