Arevon Secures $250 Million Tax Equity For Missouri Solar Build

• Arevon clinches USD 250 million in tax equity from Wells Fargo to advance a 430-MWdc Missouri solar project.

Arevon Energy has secured USD 250 million in tax equity financing from Wells Fargo to support construction of the 430-MWdc Kelso solar project in Missouri, a two-phase build carrying a total capex near USD 500 million. The commitment gives the developer a critical pillar of its capital stack as it lines up equipment deliveries and EPC mobilization ahead of peak construction.

Tax equity remains the linchpin for U.S. utility-scale solar economics, bridging the gap between senior debt and sponsor equity by monetizing federal credits. In today’s policy environment, developers are moving earlier to finalize counterparties and standardize structures, a shift that helps avoid fourth-quarter bottlenecks and supply-chain crunches. With Kelso’s size and location, the project is positioned to deliver midday energy at scale into a Midwest market where new loads—from data centers to electrified industry—are beginning to reshape demand profiles.

The financing also signals confidence in project readiness. Lenders and tax equity investors increasingly ask for tight procurement plans on long-lead items like transformers and protection gear, plus credible interconnection timelines. Arevon’s track record with large assets across multiple ISOs likely helped the deal across the line. As the build progresses, expect a focus on grid integration—plant-level controls for voltage support, curtailment responsiveness, and possibly future storage pairing to shift energy into evening peaks.

If execution stays on schedule, Kelso should contribute a meaningful slice of low-cost generation to Missouri’s mix while providing a blueprint for how large projects can still move quickly amid evolving rules for credits and domestic content.