Arevon Energy, a renewable-energy developer, owner and operator, has secured a $250 million tax equity commitment from Wells Fargo Bank, N.A. for its two-phase 430-megawatt dc Kelso Solar Project in Scott County, Mo.
The $500 million Kelso Solar Project, Arevon’s first utility-scale renewable-energy project in Missouri, is under construction. The project is expected to disburse more than $34 million to local governments, supporting schools, infrastructure, and first responders.
Arevon will own and operate the project on a long-term basis, with the first phase to achieve commercial operations by the end of 2025 and the second phase estimated to start operations in first quarter 2026. When operational, Kelso will boost the state’s installed solar capacity by nearly 50 percent.
“We are grateful to Wells Fargo as well as our other financial partners for their trust and unwavering support of Arevon’s aim to power an American energy future and deliver lasting
