The transaction also sets the stage for both companies to enter into a Memorandum of Understanding for future collaboration on the development of renewable energy.
Independent Power Producer (IPP) Enlight Renewable Energy has closed financing for the battery energy storage system (BESS) portion of its 364MW/1.2GWh Atrisco solar-plus-storage project in New Mexico, USA.
The flagship development is the Esmerelda 7 solar and battery energy storage system (BESS) project, which comprises seven utility-scale solar facilities with a combined 5.35GW of generation capacity.