Project Finance Brief: Arevon Energy Secures $183 Million for Solar Project
Revera Energy reaches financial close for 400 MWh storage project
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Arevon Energy, a renewable energy developer, owner, and operator, secured a $183 million total debt package, including a tax equity bridge loan, a construction-to-term loan, and a letter of credit, for its 124 MWdc Big Muddy Solar Project in Jackson County, Illinois. Intesa Sanpaolo and Crédit Agricole are the lenders, serving as the coordinating lead arrangers, joint bookrunners, and green loan coordinators for the debt package.
