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)
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