Latham & Watkins Advises Arevon on US$258 Million of Financial Commitments for Its Peregrine Energy Storage Project

Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, has completed financing on a US$258 million package for the company’s 200 megawatt/400 megawatt-hour Peregrine Energy Storage Project located in the Barrio Logan community in San Diego, California.

Latham & Watkins LLP represented Arevon with a project finance team led by San Diego partner Omar Nazif and New York partner Kelly Cataldo. Advice was also provided on debt financing matters by associates Claire Bang, Donna Chen, and Arielle Schechtman; on preferred equity financing matters by associates Lauren Lozada, Andrea Garcia Martinez, and Joyce Shin; and on tax matters by New York partner Eli Katz, with associate Jared Kawalsky.