Arevon Energy, Inc. secured $299 million in debt financing for its Ratts 1 and Heirloom Solar Projects to enhance clean energy capacity in Indiana.

Sep 05, 2024•over 1 year ago

Amount Raised

$299 Million

ScottsdaleBiomass EnergyRenewable EnergyEnergy

Investors

Lloyds BankBank Of AmericaCommerzbankCrédit Agricole

Description

Arevon Energy, Inc. announced the financial closure of a $299 million debt financing package for its Ratts 1 Solar and Heirloom Solar Projects. This deal marks Arevon's fifth transaction within the past year, contributing to its expansive strategic climate finance endeavors.

Company Information

Company

Arevon

Location

Scottsdale, Arizona, United States

About

Arevon Energy, Inc. is a leading renewable energy company, supplying clean, reliable, and cost-effective energy to utilities and businesses to power the energy transition across the United States. Headquartered in Scottsdale, Arizona, and with a regional office in New York City, Arevon's more than 250 mission-driven employees use innovative approaches and leading-edge technology to develop, build, finance, own, and operate renewable energy projects. Arevon owns and operates more than 4,000 megawatts (MW) of utility-scale solar, energy storage, and solar + storage hybrid projects as well as distributed generation assets in 17 U.S. states. The company is currently constructing more than 2,000 MW of new solar and storage capacity and has a robust development portfolio of more than 6 gigawatts.

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