Advertise your business here! 🚀

Contact us now and get more customers.

Smiling woman thumbs up

Arevon Energy Secures $600 Million To Expand Renewable Energy Projects Across Us

powerplant
Jul 03, 2025
Article Source LogoRenewable Watch
Renewable Watch

Arevon Energy has secured the closing of a $600 million credit facility with an option to increase up to $850 million. The facility will enable the company to expand its development portfolio of solar and energy storage assets across US. The facility consists of a $350 million revolving loan and letter of credit facility and a $250 million project letter of credit facility.

Furthermore, the facility also consists of provisions for green loan reporting and sustainability linked metrics. The funding will provide flexible capital to Arevon Energy to support working capital needs, including acquisitions, project development, and performance support obligations across the company’s portfolio of solar and battery storage projects. The financing was led by Wells Fargo Bank, National Association, that acted as the administrative agent.

Earlier in June 2025, Arevon Energy commenced commercial operations at its Peregrine energy storage project. It is a 200 MW/400 MWh battery storage project in San Diego, California. The $300 million project was developed and is fully owned and operated by Arevon.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Power Plant Related News You might want to check out

View by
India Charts 124 Gw Energy Storage Roadmap To Power Renewable Future – Eq
India Charts 124 Gw Energy Storage Roadmap To Power Renewable Future – Eq
EQ Mazagine
15 July 2025
powerplant
Poland Allocates 1.67 Gw Of Pv In Renewables Auctions
Poland Allocates 1.67 Gw Of Pv In Renewables Auctions
PV Magazine
14 July 2025
powerplant
Saudi Arabia Signs 5 Solar Ppas Totaling 12 Gw
Saudi Arabia Signs 5 Solar Ppas Totaling 12 Gw
PV Magazine
14 July 2025
powerplant
Iberdrola Plans 1.32 Gw Pumped-Hydro Storage Project In Portugal
Iberdrola Plans 1.32 Gw Pumped-Hydro Storage Project In Portugal
PV Magazine
14 July 2025
powerplant
Bihar Unveils Ambitious Renewable Energy Policy To Power 24 Gw Green Future By 2030 – Eq
Bihar Unveils Ambitious Renewable Energy Policy To Power 24 Gw Green Future By 2030 – Eq
EQ Mazagine
12 July 2025
powerplant
India Poised To Deliver 52 Gw Round-The-Clock Clean Power By 2030, Says Ceew Study – Eq
India Poised To Deliver 52 Gw Round-The-Clock Clean Power By 2030, Says Ceew Study – Eq
EQ Mazagine
12 July 2025
powerplant
Chinese Pv Industry Brief: China Railway Awards 3 Gw Module Tender
Chinese Pv Industry Brief: China Railway Awards 3 Gw Module Tender
PV Magazine
11 July 2025
powerplant
Brazil May Add 36.5 Gw Of Solar By 2029, Says Grid Operator
Brazil May Add 36.5 Gw Of Solar By 2029, Says Grid Operator
PV Magazine
11 July 2025
powerplant
India Advances Toward 500 Gw Green Energy Target With Evs And Storage At Core Of Strategy – Eq
India Advances Toward 500 Gw Green Energy Target With Evs And Storage At Core Of Strategy – Eq
EQ Mazagine
11 July 2025
powerplant
India Surges Ahead In Clean Energy With 227 Gw Capacity And Solar Manufacturing Boom – Eq
India Surges Ahead In Clean Energy With 227 Gw Capacity And Solar Manufacturing Boom – Eq
EQ Mazagine
11 July 2025
powerplant
India Hits Record 21.9 Gw Renewable Boost In H1 2025, Eyes 17 Gw More By Year-End – Eq
India Hits Record 21.9 Gw Renewable Boost In H1 2025, Eyes 17 Gw More By Year-End – Eq
EQ Mazagine
11 July 2025
powerplant
China On Track To Deploy 380 Gw Of Pv In 2025
China On Track To Deploy 380 Gw Of Pv In 2025
PV Magazine
10 July 2025
powerplant