Renewable energy company Arevon has secured a US$400 million loan facility from two banks for its solar and energy storage pipeline in the Midwest, Southeast and California.

Renewable energy company Arevon has acquired its first project since being spun out from asset management firm Capital Dynamics, a large-scale solar-plus-storage plant in California. 

After local opposition to the construction of a new gas peaker plant in Oxnard, California, a battery storage plant that was chosen instead has gone online just nine months after construction began.