POWER Magazine•about 2 months ago
Avantus Closes Financing for Solar-Plus-Storage Project in Arizona
Key Takeaway
The successful financing of a large solar-plus-storage project in Arizona demonstrates robust investor confidence and continued market growth for integrated renewable energy solutions offering enhanced reliability.
AI Summary
- •Avantus secured over $300 million in financing from BBVA and CIBC for the Kitt Solar and Energy Storage Project.
- •The project is a large-scale solar-plus-storage facility located in Pinal County, Arizona.
- •This deal highlights strong financial market confidence and continued investment in hybrid renewable energy solutions.
- •For developers, it underscores the availability of significant capital for combined solar and storage projects.
- •For large power consumers, it signals the ongoing expansion of firm, dispatchable clean energy options.
Topics
financingsolarstorage
Article Content
Clean energy provider Avantus said it has closed a financing package of more than $300 million with Banco Bilbao Vizcaya Argentaria (BBVA) and the New York branch of Canadian Imperial Bank of Commerce for the Kitt Solar and Energy Storage Project in Pinal County, Arizona. The post Avantus Closes Financing for Solar-Plus-Storage Project in Arizona appeared first on POWER Magazine .