Avantus Secures $525 Million Financing for 184 MW Aratina 2 Solar-Plus-Storage Project
- Capacity
- 184 MW
- Location
- Kern County, California
- Developer
- Avantus
- Off-taker / Utility
- Southern California Edison
- Source
- PV Tech →
Key Facts
Independent power producer Avantus has closed a $525 million financing package for Aratina 2, a 184 MW solar project paired with 452 MWh of battery storage under construction in eastern Kern County, California.
Financing structure
The package includes construction funding, a tax equity bridge loan, and letters of credit, arranged with BBVA, Canadian Imperial Bank of Commerce, and Santander.
Offtake
Aratina 2 is backed by a 15-year power purchase agreement with Southern California Edison. The project is the second phase of the broader Aratina Solar Center, which will total 350 MW of solar and 952 MWh of battery storage once both phases are complete.
Timeline
Avantus expects Aratina 2 to be operational by the end of the year, following the completion of the project's first phase, Aratina 1, earlier this year.
This brief summarizes public reporting and does not republish the original article in full. Read the complete story at PV Tech.