09:26 AM EST, 11/03/2025 (MT Newswires) -- Enlight Renewable Energy ( ENLT ) said Monday that its Clenera Holdings unit has completed a tax equity agreement with Wells Fargo ( WFC ) unit, Wells Fargo Bank, for the Quail Ranch project in New Mexico.

Enlight said that Wells Fargo ( WFC ) will provide tax equity financing, including a $131 million contribution following commercial operation, with the financing expected to rise to $150 million in the first decade of operations.

Enlight said the Quail Ranch project will cost $275 million investment in total, and is expected to begin commercial operations by the end of this year.