Arevon Energy Secures $970 Million Tax Equity Investment from Alcentra Group
Arevon Energy has secured a significant $970 million tax equity investment from Alcentra Group to advance the development and construction of its Big Rivers Solar and Big Muddy Solar projects. This substantial financial backing underscores confidence in Arevon’s initiatives and the solar energy sector as a whole.
The investment will directly support the Big Rivers Solar project, totaling 520 MW, and the Big Muddy Solar project, situated in Illinois, which is 310 MW. The Big Muddy project is already demonstrating a commitment to the local community, evidenced by the establishment of a regional office and partnerships with local organizations in Jackson County. Construction on the Illinois project is slated to begin later this year.
Arevon Energy’s portfolio extends beyond these two projects. The company currently manages over 4.5 GW of solar and energy storage projects across 17 states and maintains a development pipeline of 6 GW. To date, Arevon has attracted over $9.3 billion in capital investment, and has finalized more than $3.8 billion in project financing within the past 18 months. Recent activities include community support programs related to the Kelso Solar Project in Missouri.
Headquartered in Scottsdale, Arizona, with a regional office in New York City, Arevon Energy is dedicated to delivering affordable, reliable, and secure domestic energy for America. The company's business model encompasses the full lifecycle of renewable energy projects: development, financing, construction, ownership, and operation, with a specialization in utility-scale solar and energy storage. A key focus is on utilizing American-made components, bolstering domestic energy production, and creating U.S. jobs.
