SRP Partners with Solar and Storage Developer, Clenera, to Build One of Arizona's Largest Solar Projects

Clenera and SRP today announced a 20-year Power Purchase Agreement (PPA) between SRP and Clenera's affiliate, CO Bar Solar LLC. This PPA represents the utility's largest standalone solar power plant currently under development northwest of Flagstaff, Arizona. CO Bar Solar is scheduled to be commercially operational in 2024 and will deliver between 440 and 480 megawatts (MWDC) of renewable energy to SRP customers. Clenera, a developer of large-scale solar and storage projects, and a subsidiary of Enlight Renewable Energy LTD (TASE: ENLT), will construct and operate CO Bar Solar.

This project is one of many that support SRP in its long-term decarbonization goals. It will also help SRP meet its expanded commitment to add 2,025 MWAC of new utility-scale solar resources by 2025.

"SRP is pleased to partner with Clenera to add this substantial solar resource as part of our 'all of the above' strategy to meet near-term power generation needs," said Mike Hummel.  "The CO Bar Solar power plant is an incredible clean energy resource that will support SRP customers and help us take a significant step towards our decarbonization goals."

CO Bar Solar will occupy up to 2,400 acres of private land in Coconino County and construction is expected to begin in 2023. Over the course of the 18-month construction timeline, it is expected that approximately 550 construction jobs will created, with many being local. Once complete, CO Bar Solar will generate enough power to meet the needs of 80,000 homes, while offsetting 1 billion pounds of carbon dioxide emissions each year.

Clenera's Vice President of Business Development, Jared McKee, said of the partnership: "We are excited to be working with SRP to develop one of the largest solar projects in Arizona. Clenera has historically paved the way for renewable energy in the state, and CO Bar Solar is yet another example of progress being made in Arizona's clean energy sector. We thank SRP for their partnership to make this opportunity possible."

Including this addition and others, SRP expects that nearly 50 percent of the retail energy it delivers to its customers will come from carbon free resources by 2025. These new renewable energy resources contribute to SRP's 2035 goals to reduce carbon intensity by 65 percent in 2035 and by 90 percent in 2050 from 2005 levels.