February 13, 2024

CRC-IB Advises Arevon Energy on Tax Credit Financing for 200MW / 800MWh Battery Energy Storage System

CRC-IB is pleased to announce the successful closure of the hybrid tax equity structure and placement of the ITC transfer for Arevon’s Condor Energy Storage Project, a 200MW / 800MWh battery energy storage system located in California.

CRC-IB acted as exclusive financial advisor to Arevon on the transaction.

Conor McKenna, CRC-IB Partner & Senior Managing Director, said, “This transaction not only highlights Arevon’s market-leading approach to clean energy development and deployment but also emphasizes the vital role of hybrid transfer partnerships in expanding sector participation.”

For more information on this transaction, please contact Conor McKenna.

Transaction Press Release

About Arevon

Arevon Energy, Inc. is a leading renewable energy company, supplying clean energy to utilities and corporations across North America. Headquartered in Scottsdale, Arizona, and New York City, Arevon uses innovative approaches and leading-edge technology to develop, build, finance, own, and operate clean energy projects. Arevon owns and operates more than 3,500 megawatts (MW) of solar, storage, and solar + storage hybrid assets across the country. The company is a renewable energy leader in California with more than 1,900 MW in operation and more than 1,000 MW under construction. Arevon has a robust portfolio of more than 6 gigawatts of projects in development which will enable the company to provide more clean, cost-effective energy to homes and businesses. Its financial strength, innovation, and industry expertise come together to improve the structure and performance of its platform of solar and energy storage power plants. Arevon was named one of Arizona’s Top Workplaces in 2022 and 2023. For more information, please visit: www.arevonenergy.com.