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Enlight closed the financing for the Roadrunner project through its US subsidiary Clēnera Holdings. Image: Enlight Renewable Energy.
Project update news from the US, where EDF Renewables has started work at its 150MW Milagro solar-plus-storage project in New Mexico, while Enlight Renewable Energy has completed two tax equity partnerships for its 290MW Roadrunner solar-plus-storage project in Arizona.
The former project is co-located with a 75MW/300MWh battery energy storage system (BESS). Milagro will supply electricity to utility El Paso Electric (EPE) under a 20-year power purchase agreement (PPA).
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EDF signed the PPA with EPE in 2023. Milargo marked the first solar-plus-storage in New Mexico for EDF Renewables.
Situated on private land in the Santa Teresa area of Doña Ana County, New Mexico, the Milagro solar-plus-storage project is designed to store electricity generated during peak hours in a series of batteries.
The latter project, meanwhile, is teamed with a 290MW/940MWh storage facility and the agreements were closed through Enlight’s US subsidiary Clēnera Holdings.
The initial agreement with J.P. Morgan Chase Bank concerns the project’s 290MW solar component. It features a tax equity contribution at the commercial operation date (COD) and additional pay-go payments during the first ten years of operation.
The second agreement with M&T Bank and First Citizens Bank offers tax equity financing for the 940 MWh storage component at COD.
Together, the two partnerships account for about US$340 million in tax equity commitments at COD, with expectations to rise to nearly US$390 million when pay-go contributions are included.
Read this story in full on our sister site, Energy-Storage.news.
PV Tech publisher Solar Media will host the 12th edition of the Solar & Storage Finance USA event on 21-22 October 2025 in New York. Panellists will discuss the fate of US solar and storage in a post-subsidy world, the evolving economics of standalone BESS and de-risking solar and storage supply chains.
Attendees are encouraged to respond to an anonymous survey on the US solar and storage sector, that will shape discussions at the summit. Tickets for the event are available on the official website.
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