Arevon Energy, Inc. has secured a $250 million tax equity commitment from Wells Fargo Bank for the 430 MW (DC) Kelso Solar Project in Scott County, Missouri. The $500 million project is Arevon’s first utility-scale development in the state and is under construction, employing about 450 workers and supporting local businesses. Kelso is expected to provide $34 million in lifetime disbursements to local governments for schools, infrastructure, and emergency services. Phase one is scheduled for completion by the end of 2025, while phase two is due in early 2026. Arevon previously closed a $509 million financing package and signed Environmental Attributes Purchase Agreements with Meta. Community initiatives include funding for schools, infrastructure, and healthcare. Arevon is also building solar projects in Indiana and Illinois while advancing 480 MW into operation across the Midwest.
Arevon, Wells Fargo & Meta back 430 MW Kelso Solar in Missouri
The Wells Fargo $250 million tax equity backed Arevon Energy’s 430 MWdc Kelso Solar in Missouri, with Meta agreements and wider Midwest renewable expansion.
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