Latham Advises Arevon in US$299 Million Financing Package for Its Ratts 1 and Heirloom Solar Projects in Indiana

Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, has announced financial close of US$299 million in aggregate debt financing commitments for the company’s Ratts 1 Solar and Heirloom Solar Projects. The projects, which are part of Arevon’s growing portfolio in the Midwest and MISO territory, will add 264 megawatts (MWdc) of clean energy capacity to Pike County, Indiana.

Latham & Watkins LLP represented Arevon in the transaction with a deal team led by San Diego partner Omar Nazif, and Washington, D.C. counsel Eric Merrill, with associate Herminio Rivera. Advice was also provided on tax matters by New York partner Eli Katz, with associate Andrea Herman; on hedging matters by New York partner Carlos Alvarez, with associate Tiiu Lemsalu; on environmental matters by Los Angeles/Houston partner Joshua Marnitz and Orange County/Washington, D.C. partner Nikki Buffa, with associate Brandon Kerns; on energy regulatory matters by Washington, D.C. partner Natasha Gianvecchio and Washington, D.C. counsel Anna Biegelsen; and on project development matters by San Diego counsel Seth Richardson.