Arevon Energy has secured a $98 million tax equity commitment for its Ratts 1 and Heirloom solar projects. The tax equity commitment has been secured from Fifth Third Bank. The projects will add 265 MW of new domestic energy to Pike County, Indiana.
Ratts 1 solar project has a capacity of 192 MWdc, and the Heirloom solar project has a capacity of 73 MWdc. The projects are expected to be fully operational later in 2025. Furthermore, the projects represent an investment of approximately $400 million and will disburse over $86 million to local governments over their lifetime.
Earlier in May 2025, Arevon Energy commenced construction on its Kelso 1 and Kelso 2 solar power projects, with a combined capacity of 430 MWdc, located in Scott County, Missouri. The projects mark Arevon’s entry into the utility-scale renewable energy sector in the state. The company will own and operate the projects over the long term.
