Arevon Energy Secures $352 Million Financing for Posey Solar Project
The financing package includes a $317 million construction loan and a $35 million letter of credit facility.
April 12, 2024
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Arevon Energy, a solar and storage project developer, secured $352 million in financing for the construction and development of 228 MW of the Posey Solar Project in Posey County, Indiana. The project is expected to be operational in Q1 2025 and will generate enough clean electricity to power the equivalent of more than 25,000 homes annually.
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