Arevon Energy, Inc., a leading American energy developer, owner, and operator, closed on a US$120 million tax equity commitment from Wells Fargo Bank, N.A. for its 124 megawatt (MWdc) Big Muddy Solar Project in Jackson County, Illinois. This transaction, the second of its kind with Wells Fargo, adds to the US$5.2 billion in project financings Arevon has executed over the last several years.
Latham & Watkins LLP represented Arevon in the transaction with a Project Development & Finance team led by New York partner Kelly Cataldo, with associates Herminio Alan Rivera, Shelby Ward, and Javin Dana. Advice was also provided on tax matters by Washington, D.C. partner Scott Cockerham, with associates Andrea Herman and Lucas Migliano.
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