07:46 AM EDT, 09/29/2025 (MT Newswires) -- Enlight Renewable Energy ( ENLT ) said Monday its Clenera unit closed two tax equity partnership agreements for the Roadrunner solar and energy storage project near Tucson, Arizona.

The first agreement is with JPMorgan Chase's ( JPM ) J.P. Morgan Chase Bank and covers the project's 290-megawatt solar component. The second agreement is with M&T Bank ( MTB ) and First Citizens Bank and covers its 940 megawatt-hour storage component.

The company said the two partnerships represent a combined $340 million in tax equity commitments, expected to rise to about $390 million when including pay-go contributions.

The solar generation component has started production of test energy, while the project is expected to achieve full commercial operation by the end of this year, Enlight said.

The company's shares were up 4% in recent premarket activity.