Posey Solar Project — 228 MWdc utility-scale solar, Posey County, Indiana (MISO)
$352M financial close: $317M construction debt + $35M LC facility. Arevon's first major Indiana solar project. COD 2025.
$352M
Deal Value
228MW
Capacity
Solar
Technology
IN
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Arevon Energy
- Buyer / Financier
- Multiple
- Deal Value
- $352M ($317M construction + $35M LC)
- Stage
- Construction
- ISO/RTO
- MISO
- Source
- Arevon Energy
Related Deals
SunZia Wind (3,515 MW) + SunZia Transmission (550-mile HVDC, 3,000 MW capacity) — largest clean energy infrastructure project in US history
Pattern Energy Group → Multiple (consortium)
$11B
RWE's first US green bonds — two tranches of $1B each (10-year and 30-year maturities) to fund US renewable energy projects across 146 solar, onshore wind, and battery storage sites
RWE AG → Multiple (bond investors)
$2B
$600M credit facility (expandable to $850M) — $350M revolving loan/LC + $250M project LC facility supporting 4.7 GW operating + 1.5 GW construction solar and storage
Arevon Energy → Wells Fargo (admin agent)
$600M
Duff Solar Park — 100 MWac (138 MWdc) solar, Dubois County, Indiana
EDP Renewables North America → Google
100 MW
Mammoth Solar — 1,300 MW utility-scale solar project in Starke & Pulaski Counties, Indiana
Doral Renewables
$1.5B
Orion Solar Belt — 1.3 GW portfolio of 4 utility-scale solar projects (Orion I, Eiffel, Orion II, Orion III), Milam County, TX — 875 MWdc using 1.3M American-made First Solar modules
SB Energy Global (SoftBank / Ares Management) → J.P. Morgan, Bank of America, Morgan Stanley Renewables, Truist Bank, MUFG, Mizuho Americas, ING, SMBC, CIBC, Fifth Third Bank, Société Générale
$2.4B+
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.