Funding will enable Arevon to further expand its development portfolio of solar and energy storage assets and enhance the performance of its high-yielding operational assets
SCOTTSDALE, Ariz., July 1, 2025 /PRNewswire/ — Arevon Energy, Inc., a leading American energy developer, owner, and operator, today announced the successful closing of a $600 million credit facility, with the option to increase up to $850 million, 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. It 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 environmental, social, and governance goals.
The financing was led by Wells Fargo Bank, National Association, that acted as Administrative Agent. Wells Fargo Securities, LLC, Canadian Imperial Bank of Commerce, New York Branch, and Credit Agricole Corporate and Investment Bank acted as Co-Green Loan Structuring Agents and letter of credit issuing banks. Wells Fargo Bank, National Association, Canadian Imperial Bank of Commerce – New York Branch, Credit Agricole Corporate and Investment Bank, JPMorgan Chase Bank, N.A., Bank of America N.A., Barclays plc, BNP Paribas Securities Corp., Commonwealth Bank of Australia, Natixis, National Bank of Canada, and Societe Generale served as Joint Lead Arrangers. MUFG, RBC, TD, and Truist served as participant lenders. Latham & Watkins was Arevon’s counsel for the facility. Morgan Lewis served as lender’s counsel.
“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,” said Bob Krakauer, Chief Financial Officer at Arevon. “With this financing, we are well-positioned to continue developing and delivering reliable, cost-effective solar and energy storage solutions that are essential in powering an American energy future.”
About Arevon Energy, Inc.
Arevon is a U.S. energy leader committed to powering America with affordable, reliable, and secure homegrown energy. Headquartered in Scottsdale, Arizona, and with a regional office in New York City, the company’s experienced and dedicated staff develops, finances, builds, owns, and operates renewable energy projects nationwide. With a strong track record in utility-scale solar and energy storage, Arevon is a trusted partner to utilities and businesses seeking cost-effective, sustainable energy solutions. By prioritizing American manufacturing and domestic energy production, the company invests in U.S. jobs, strengthens local economies, and advances the country’s energy independence.
Arevon owns and operates more than 4.7 gigawatts (GW) of solar and energy storage projects across 17 states, representing more than $9.6 billion in capital investment, and is constructing an additional 1.5 GW of new capacity. The company also partnered with local utilities to develop and build 480 megawatts of solar energy, ensuring each project was successfully integrated into their communities. Over the past 18 months, Arevon has completed more than $3.8 billion in project financings. With a 6 GW development portfolio and continued investment in new projects, Arevon is solidifying its role as a leader in powering an American energy future. For more information, visit arevonenergy.com.