Clenera

What Clenera does

Clenera is a privately-held U.S. utility-scale solar and battery energy storage independent power producer headquartered in Boise, Idaho, operating as a wholly-owned subsidiary of Enlight Renewable Energy Ltd. (NASDAQ: ENLT). Founded in 2008 by Jason Ellsworth and Adam Pishl and acquired by Enlight in 2021, Clenera develops, constructs, owns, and operates utility-scale solar PV and co-located battery energy storage projects ranging from 9 MWdc to over 1,200 MWdc. The current portfolio spans operational assets (Atrisco 364 MWdc, Roadrunner 298 MWdc, Wright 239 MWdc, Apex 105 MWdc, Wapello 128 MWdc, and others), projects in construction (CO Bar 1,211 MWdc with 4,000 MWh storage, Snowflake 1,250 MWdc with 4,000 MWh storage, Country Acres 403 MWdc with 688 MWh, Crimson Orchard 120 MWdc with 400 MWh), and an early-stage pipeline approaching 12 GW out of Enlight's total 17 GW.

The business model is anchored by long-term power purchase agreements, typically 20-25 years, with creditworthy offtakers including investor-owned utilities (Idaho Power, PNM, NorthWestern Energy, Salt River Project), municipal utilities (SMUD, City of Palo Alto), electric cooperatives (Central Iowa Power Cooperative, Basin Electric), community choice aggregators (Peninsula Clean Energy), and corporate purchasers (Walmart, Google). Technology choices include bifacial modules, single-axis trackers from Nextracker, string inverters (CPS America, SMA, Sungrow), battery systems from BYD, and agrivoltaics for vegetation management. Portfolio operations are managed through AlsoEnergy's aggregation platform covering 1.5 GW across North America.

Revenue is generated primarily through recurring electricity sales and storage tolling agreements under these multi-decade contracts, with project economics supported by debt and tax equity financing. Notable pricing signals include a $77/MWh rate under a 25-year agreement with the City of Palo Alto and projected annual revenues of $27-28M (Crimson Orchard), approximately $24M (Quail Ranch), and $264-278M (CO Bar complex). Over $3 billion in project financing was secured across HSBC, ING, KeyBanc, MUFG, Wells Fargo, BNP Paribas, Credit Agricole, Natixis, and NORD/LB within a 12-month window, and S&P Global ranked Clenera in the top ten U.S. owners of planned solar installations in 2025.

Name

Clenera

Legal name

Clēnera, LLC

Website

https://clenera.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Clenera is a privately-held Boise-based utility-scale solar and battery storage independent power producer that develops, constructs, owns, and operates projects for utilities, cooperatives, CCAs, and corporate off-takers under long-term PPAs, with a U.S. pipeline approaching 12 GW.

Ownership category

akta.pro rank

Headquarters

HQ city

Boise

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations

Revenue model

1. Electricity Sales via PPAs: Long-term power purchase agreements (typically 20-25 years) with utilities, electric cooperatives, community choice aggregators, and corporate customers for sale of solar-generated electricity and associated renewable energy attributes
2. Energy Storage Services: Battery energy storage systems providing grid services and storing excess solar generation for dispatch during peak demand periods, with storage tolling agreements

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

Clēnera is a utility-scale solar and battery energy storage independent power producer that develops, constructs, owns, and operates clean energy projects across the United States. The company sells electricity and storage capacity through long-term (typically 20-25 year) power purchase agreements with utilities, electric cooperatives, community choice aggregators, and corporate buyers such as Google and Walmart. Its portfolio spans operational assets (Atrisco, Roadrunner, Quail Ranch, Apex), projects under construction (CO Bar, Snowflake, Crimson Orchard, Country Acres), and development pipeline assets (Buckley, Rustic Hills, Blackwater).

Product overview

Clēnera is a utility-scale solar and energy storage independent power producer (IPP) that develops, constructs, owns, and operates clean energy projects across the United States. As the U.S. subsidiary of Enlight Renewable Energy (NASDAQ: ENLT), Clēnera offers an integrated platform spanning project development, construction, financing, and long-term asset management. The portfolio includes solar projects ranging from 9 MWdc to 1,211 MWdc with co-located battery storage from 400 MWh to 4,000 MWh. Key projects include operational assets (Atrisco at 364 MWdc/1,200 MWh, Roadrunner at 298 MWdc/940 MWh, Quail Ranch at 128 MWdc/400 MWh, Apex at 105 MWdc), projects under construction (CO Bar Solar Complex at 1,211 MWdc/4,000 MWh, Snowflake Solar Complex at 1,250 MWdc/4,000 MWh, Crimson Orchard at 120 MWdc/400 MWh, Country Acres at 403 MWdc/688 MWh), and projects in development (Buckley at 960 MWdc/1,600 MWh, Rustic Hills I & II at 256 MWdc, Blackwater at 600 MWdc). The company leverages technology partners including Nextracker, Longi Solar, Trina Solar, Jinko, Canadian Solar, SMA, Sungrow, and others for components and has deployed AlsoEnergy's software platform for portfolio management across its North American fleet of over 5 GW in operation and construction.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Powers over 220,000 homes with clean energy
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• Enlight Renewable EnergyflagshipStrategic or Co-development PartnerParent company (acquired Clenera in 2021). Provides additional scale and financial strength. Clenera's portfolio approaching 12 GW out of Enlight's total 17 GW.
• AlsoEnergycoreTechnology or IntegrationSoftware provider with aggregation platform managing Clenera's 1.5 GW solar portfolio across North America for end-to-end visibility, analytics, and control
• Swinerton Renewable EnergycoreImplementation/ SI/ Consulting PartnerPrimary EPC contractor that has built multiple Clenera projects including Wapello, Grand View, Wright, and AL Solar A
• CPS AmericacoreTechnology or IntegrationString inverter manufacturer supplying 275 kWac string inverters for Apex Solar project
• SOLV EnergyminorGTM or Marketing PartnerCollaboration on annual scholarship program for high school seniors, with Clenera team members on review panel
• Sol SystemsminorGTM or Marketing PartnerCollaboration on annual scholarship program for high school seniors
• Heart of AmericaminorStrategic or Co-development PartnerPartnership on Skip the Grid initiative installing residential solar panels in Navajo Nation

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• NextEra Energy Resources: Largest U.S. renewable energy IPP and a subsidiary of NextEra Energy (NYSE: NEE). Operates 70+ GW of wind, solar, and storage with comparable utility-scale solar development, long-term PPA structures, and battery storage integration across the same U.S. markets as Clenera.
• AES Corporation: Global power generation and utility company (NYSE: AES) with a major U.S. renewables business through AES Clean Energy. Develops, owns, and operates utility-scale solar and battery storage projects with long-duration PPAs that directly compete with Clenera's offerings.
• EDP Renewables North America: Subsidiary of EDP Renováveis (ELI: EDPR), one of the world's largest renewable energy developers. Operates 2+ GW of utility-scale solar and wind in the U.S. under similar long-term contracted structures with utilities and corporate off-takers.
• ENGIE North America: Subsidiary of French utility ENGIE (EPA: ENGI) and one of the largest independent power producers in North America. Operates 3+ GW of renewable capacity with active utility-scale solar and storage development competing for similar utility and corporate offtake agreements.

Emerging players

• Hecate Energy: Privately-held U.S. utility-scale solar and storage developer with 15+ GW pipeline. Competes with Clenera on individual utility-scale solar projects and large battery storage co-located developments, particularly in ISO/RTO markets.

Direct peers

• Avantus (formerly 8minute Solar Energy): U.S. utility-scale solar developer with 28+ GW pipeline acquired by CPP Investments. Develops, owns, and operates solar and storage projects under similar long-term PPA structures with U.S. utilities and corporate buyers, competing for prime development sites.
• Clearway Energy: Public yieldco (NYSE: CWEN) focused on contracted renewable energy, including ~1.4 GW of utility-scale solar. Owns and operates long-term contracted assets under similar 20-25 year PPA structures and competes for hyperscaler and utility offtake deals.
• Recurrent Energy: Subsidiary of Canadian Solar (NASDAQ: CSIQ) developing utility-scale solar and storage projects across the U.S. Competes directly with Clenera on gigawatt-scale developments, with similar long-term PPA monetization strategies and module supply advantages.
• Invenergy: Chicago-based privately-held utility-scale renewable developer and IPP with 40+ GW pipeline. Competes head-to-head with Clenera on utility-scale solar and storage projects, gigawatt-scale developments, and long-term PPA negotiations with utilities and corporate buyers.
• LS Power: Privately-held U.S. power generation and transmission developer with substantial utility-scale solar and energy storage development pipeline. Competes with Clenera for utility PPAs and corporate renewable offtake agreements, and operates as both an IPP and developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CleneraSolar
• YouTubeyoutube.com/channel/UCCItFutBe-3BwnnE5RYJSQw?view_as=subscriber
• Facebookfacebook.com/pages/category/Solar-Energy-Company/Clenera-106246897468889
• LinkedInlinkedin.com/company/cl-nera
• Instagraminstagram.com/clenerarenewableenergy

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds5 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clenera