Featured Experience
CAISO Energy Storage
Arevon Energy wanted to pioneer stand-alone energy storage systems with a 2GWh portfolio and turned to Southport Partners professionals for help.
Increasing volatility in energy markets created a large need for storage assets. Southport Partners professionals worked with Arevon throughout the process, including negotiation of key contracts, structuring and sourcing a multi-tiered $1.2bn financing package, and overseeing funding and re-financing from development and construction through start of operations. The package included a land-lease monetization with a publicly traded investment firm and debt financing from a consortium of infrastructure banks, including a construction-to-term tranche and tax financing bridge tranche.