Arevon Energy Making Waves in Solar Financing
February 23, 2024, 7:30 am
Location: United States, Arizona, Scottsdale
Employees: 51-200
Founded date: 2017
Total raised: $1.1B
Arevon Energy, in partnership with Blackstone, secures $350 million for energy storage project in California. Aggreko and 38 Degrees North also make moves in the solar financing spotlight.
Arevon Energy and Blackstone have joined forces for a groundbreaking 200 MW / 800 MWh energy storage project in Grand Terrace, California. This project, known as the Condor Energy Storage Project, is set to revolutionize the renewable energy landscape. With Tesla's Megapack 2 XL battery system at its core, the project aims to enhance grid reliability and stability while promoting the adoption of renewable energy resources.
Blackstone's innovative equity investment structure simplifies the monetization of tax credits, eliminating the need for traditional tax equity financing. This forward-thinking approach highlights the need for large-scale financing solutions in the energy transition market.
In a separate development, Aggreko's Energy Transition Solutions division has acquired a 13 MW solar project in Texas, further solidifying its commitment to decarbonization efforts. By providing predictable cost savings and greenhouse gas emissions reductions, Aggreko is leading the charge in sustainable energy solutions.
Meanwhile, 38 Degrees North has secured investment from S2G Ventures to acquire 62 MW of community solar projects in New York. This strategic partnership underscores the importance of creative capital solutions in driving the deployment of community solar and distributed renewables assets across the U.S.
Arevon Energy continues to make waves in the renewable energy sector, securing over $1.1 billion in financing for its Eland 2 Solar-plus-Storage Project in California. With Wells Fargo providing a substantial tax equity commitment and a host of other financial institutions supporting the project, Arevon is poised to deliver clean, cost-effective energy to utilities and corporations across North America.
As Arevon expands its portfolio of clean energy projects, the company remains at the forefront of innovation and sustainability. With a focus on developing, building, financing, owning, and operating renewable energy assets, Arevon is paving the way for a cleaner, greener future for homes and businesses alike.
In a rapidly evolving energy landscape, Arevon Energy, Blackstone, Aggreko, and 38 Degrees North are leading the charge towards a more sustainable and resilient future. Through strategic partnerships, innovative financing solutions, and a commitment to clean energy, these companies are shaping the future of solar financing in the USA.
Arevon Energy and Blackstone have joined forces for a groundbreaking 200 MW / 800 MWh energy storage project in Grand Terrace, California. This project, known as the Condor Energy Storage Project, is set to revolutionize the renewable energy landscape. With Tesla's Megapack 2 XL battery system at its core, the project aims to enhance grid reliability and stability while promoting the adoption of renewable energy resources.
Blackstone's innovative equity investment structure simplifies the monetization of tax credits, eliminating the need for traditional tax equity financing. This forward-thinking approach highlights the need for large-scale financing solutions in the energy transition market.
In a separate development, Aggreko's Energy Transition Solutions division has acquired a 13 MW solar project in Texas, further solidifying its commitment to decarbonization efforts. By providing predictable cost savings and greenhouse gas emissions reductions, Aggreko is leading the charge in sustainable energy solutions.
Meanwhile, 38 Degrees North has secured investment from S2G Ventures to acquire 62 MW of community solar projects in New York. This strategic partnership underscores the importance of creative capital solutions in driving the deployment of community solar and distributed renewables assets across the U.S.
Arevon Energy continues to make waves in the renewable energy sector, securing over $1.1 billion in financing for its Eland 2 Solar-plus-Storage Project in California. With Wells Fargo providing a substantial tax equity commitment and a host of other financial institutions supporting the project, Arevon is poised to deliver clean, cost-effective energy to utilities and corporations across North America.
As Arevon expands its portfolio of clean energy projects, the company remains at the forefront of innovation and sustainability. With a focus on developing, building, financing, owning, and operating renewable energy assets, Arevon is paving the way for a cleaner, greener future for homes and businesses alike.
In a rapidly evolving energy landscape, Arevon Energy, Blackstone, Aggreko, and 38 Degrees North are leading the charge towards a more sustainable and resilient future. Through strategic partnerships, innovative financing solutions, and a commitment to clean energy, these companies are shaping the future of solar financing in the USA.