Avantus has secured approximately $525 million in financing for the Aratina 2 solar and battery energy storage (BESS) project located in Kern County, California. The project financing was provided by BBVA, CIBC, and Santander. The financing package includes construction funding, a tax equity bridge loan, and letters of credit. The project, currently under construction, will deliver 150 MWac of solar capacity and 452 MWh of BESS capacity by the end of 2026.
The project is backed by a 15-year power purchase agreement with Southern California Edison and is expected to create around 300 union construction jobs. Together with Aratina 1, the Aratina Solar Center will comprise 350 MW of solar capacity and 952 MWh of BESS capacity. Avantus will retain the ownership stake and will operate both the projects as part of its IPP strategy.
In March 2026, Avantus and Toyota Tsusho America (TAI) completed construction of the 159 MWdc/125 MWac Norton solar project located in Runnels County, Texas. The project achieved substantial completion in October 2025, with TAI signing a long-term virtual power purchase agreement with Toyota Motor North America for the plant’s full output. Avantus managed project delivery, while RES served as the engineering, procurement, and construction contractor for the project.
