BrightNight has taken the lead in developing the project.
BrightNight led the development of the project. CEO Martin Hermann stated: “At over 900,000MWh of projected annual production, the Box Canyon solar project will provide reliable, clean and affordable energy for more than 40 years – generating local revenue, enabling continued economic growth in the region and creating skilled American jobs.” He added: “The project is a perfect example of BrightNight’s 35GW portfolio across the US, designed to meet urgent demand for reliable, firm power in high-growth markets driven by industrialisation, AI data centres and electrification.”
The project is expected to deliver significant economic benefits to Pinal County. It will generate approximately $134 million through wages and property taxes, contributing over $180 million to the local economy. Additionally, the initiative will provide more than $65 million in land lease payments to the Arizona State Land Trust, supporting public services such as K-12 education, universities, and state hospitals.
A portion of the project’s proceeds will fund scholarships for 50 students to enroll in Central Arizona College’s electrician program over the next five years, fostering local workforce development. In 2024, BrightNight and Cordelio Power secured a $260 million tax-equity financing commitment for the project from JP Morgan’s affiliate and Capital One, utilizing a partnership flip structure to monetize production tax credits.
The Box Canyon solar facility is designed to meet growing energy demands in Arizona while promoting sustainable development. By providing clean and reliable energy, it supports the region’s transition to renewable energy sources and addresses the needs of industries such as data centers and electrification initiatives. The project’s operation underscores the commitment of BrightNight and Cordelio Power to advancing renewable energy infrastructure while delivering measurable economic and community benefits.
