US-based Arevon Energy has secured $351 million in financing for its Gibson PV Project in Gibson County, Indiana. The project will generate 251 MW (DC) of solar power and provide clean energy to more than 30,000 homes annually. The Northern Indiana Public Service Company (NIPSCO) will manage and own the project once its construction is completed. The key financial partners for this project include CoBank, PNC Bank, and Societe Generale, with CoBank leading the arrangement. In addition to this, Arevon secured a $299 million financing package for its Ratts 1 and Heirloom Solar Projects this month.
Arevon’s Gibson PV Project secures $351M financing
NIPSCO will take control of the Gibson Solar facility once construction is completed. (Image Source: Arevon)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)