Arevon Energy, an American energy developer, owner and operator, has closed a $600 million credit facility to support its expanding portfolio of diverse, high-quality renewable-energy projects across the United States.
The facility includes a $350 million revolving loan and letter of credit facility and a $250 million project letter of credit facility. Arevon also has the option to increase the entire facility up to $850 million. The funding will provide Arevon with flexible capital to support working capital needs, including acquisitions, project development and performance support obligations across its portfolio of solar and battery storage projects. It also includes provisions for green loan reporting and sustainability-linked metrics, aligning with Arevon’s ESG goals.
“This credit facility is a testament to the strength of Arevon’s portfolio and the trust our financial partners place in our mission to increase domestic energy throughout the United States,”
