Capital Dynamics releases renewables system Arevon Energy
- A new United States renewable resource firm, called Arevon Energy Inc, has actually been developed by incorporating the US Clean Energy Infrastructure group of Switzerland-based personal asset management firm Capital Dynamics and Arevon Asset Management, Capital Dynamics' former special energy asset management associate, it was introduced today.
Had by Dutch pension plan provider APG, the California State Teachers' Retirement System (CalSTRS) and the Abu Dhabi Investment Authority (ADIA), the brand-new firm will certainly use clean energy services to utilities and corporations. It will certainly support a platform of 4.5 GW of solar and battery storage space in operation, under construction, or late-stage development, plus a pipe of 3 GW.
Arevon plans to expand its system through customer procurement, mergings and purchases (M&A) and pick development activities.
The mix is attended finish by very early 2022, following receipt of regulative authorizations.
Arevon is led by John Breckenridge, the former head of Clean Energy Infrastructure at Capital Dynamics, as president, and three executive vice presidents-- Justin Johnson, previous head of Arevon Asset Management, as chief running police officer, Brian Callaway, who signs up with from AES, as chief financial officer, and Tommy Greer, that signs up with from EDP Renewables, as primary industrial officer.