Arevon Energy secures $351 million financing for Gibson Solar Project in Indiana
Arevon Energy has secured $351 million in financing to construct the 251 MW Gibson Solar Project in Gibson County, Indiana. The project, already under construction, is expected to generate over $83 million in local government payments throughout its lifespan and will provide enough clean energy to power more than 30,000 homes annually. The financing package includes a construction loan and a letter of credit (LC) facility led by CoBank, Societe Generale, and PNC Bank. CoBank…