NewQ1 2026 Clean Energy Deal Intelligence Report is live
SellerDeveloperLender / Financier

Arevon Energy

Track

26

Deals Tracked

$7.13B

Deal Value

10,959.8MW

Total Capacity

6

Executive Moves

Solar

Top Technology

Deal Activity

Mar 24DeveloperCormorant Energy Storage Project — 250 MW / 1,000 MWh LFP battery storage, Daly City, CaliforniaProject FinanceBESS$600M250 MW
Mar 11DeveloperNighthawk Energy Storage — 300 MW / 1,200 MWh BESS in Poway, CaliforniaProject FinanceBESS$920M300 MW
Feb 28DeveloperBig Muddy Solar — 124 MW, Jackson County, ILProject FinanceSolar$183M124 MW
Sep 3SellerKelso SolarTax equitySolar$250M200 MW
Sep 3DeveloperKelso SolarEnvironmental attributes purchase agreementSolar200 MW
Sep 3DeveloperKelso 2 SolarTax equitySolar$250M149 MW
Jul 1Developer$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 storageCorporate Debt & Capital MarketsSolar + Storage$600M6,200 MW
Jun 4DeveloperRATTS 1Tax equitySolar$98M150 MW
Jun 4DeveloperRATTS 1Utility PPASolar150 MW
May 28DeveloperHeirloom SolarTax equitySolar$98M60 MW
Mar 11DeveloperKelso SolarConstruction and bridge loanSolar$509M200 MW
Mar 4DeveloperKelso 2 SolarGreen loanSolar$509M149 MW
Feb 12DeveloperPeregrine Energy Storage — 200 MW / 400 MWh standalone BESS, Barrio Logan, San Diego, California (CAISO)Project FinanceBESS$258M200 MW
Sep 17SellerGibson SolarBuild-transfer agreementSolar200 MW
Sep 17DeveloperGibson SolarConstruction loanSolar$351M200 MW
Sep 12DeveloperRATTS 1Financing packageSolar$299M150 MW
Sep 4DeveloperHeirloom SolarProject financeSolar$299M60 MW
Sep 4DeveloperHeirloom SolarCorporate PPASolar60 MW
Jun 15DeveloperEland 2 Solar+Storage (374 MW solar + 150 MW BESS, California)Project FinanceSolar + Storage$679M524 MW
Apr 8DeveloperPosey Solar Project — 228 MWdc utility-scale solar, Posey County, Indiana (MISO)Project FinanceSolar$352M228 MW
Mar 5DeveloperKelso 2 SolarEnvironmental attributes purchase agreementSolar149 MW
Feb 20SellerCondor Energy StorageITC transferBESS200 MW
Feb 20DeveloperCondor Energy StoragePreferred equity and debtBESS$350M200 MW
Nov 8DeveloperVikings Energy FarmDebt financing + ITC/PTC transferHybrid$529M286.8 MW
Dec 2DeveloperTownsite SolarTax equityHybrid270 MW
Jun 29DeveloperSaticoyResource adequacy contractBESS100 MW

Key People

Change of Control

3 joined3 departed
Mar 5New Hire
Kevin Smith← was Chief Executive Officer
to Cypress Creek RenewablesSource →
Feb 20Interim
Justin Johnson→ Interim Chief Executive Officer
from Arevon EnergySource →
Feb 20Departure
Kevin Smith← was Chief Executive Officer
to nullSource →
Dec 18New Hire
Shanelle Montana→ Chief Development Officer
from Lightsource bpSource →
Aug 11New Hire
Kevin Smith→ Chief Executive Officer
from Lightsource bpSource →

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