FinancingClosedMarch 4, 2026

Kitt Solar and Energy Storage — 130 MWdc / 100 MWac solar + 400 MWh BESS, City of Eloy, Pinal County, Arizona

Construction financing includes construction loan, tax equity bridge, and letters of credit. EPC by RES; Fluence Gridstack Pro BESS. APS long-term PPA. Expected COD end of 2026. Legal advisors: White & Case, Fennemore Craig, Akin Gump Strauss, Quarles & Brady.

$300M

Deal Value

100MW

Capacity

400MWh

Storage

Solar+Storage

Technology

AZ

Location

Deal Details

Deal Type
Construction Loan
Seller / Sponsor
Avantus (backed by KKR and EIG)
Buyer / Financier
BBVA / CIBC New York Branch
Offtaker
Arizona Public Service (APS)
Deal Value
>$300M
Stage
Construction
ISO/RTO
Western

Service Providers

Advisory & Legal

epc
RES
bess
Fluence

Finance Counterparties

Lenders & Capital Providers

constructionLoanLeadArranger
BBVA
constructionLoanParticipant
CIBC New York Branch

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