Capital Dynamics spins out US clean infrastructure arm to create multi-gigawatt solar and storage platform

By Charlie Duffield
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The Avalon Solar Farm in Arizona, which Capital Dynamics acquired from Coronal Energy in 2020. Image: Coronal Energy.

Major US renewables investor Capital Dynamics has spun off its US clean energy infrastructure arm and merged it with its former asset management affiliate to create Arevon Energy, a new multi-gigawatt solar and energy storage platform.

Arevon is backed by investors including the California State Teachers’ Retirement System (CalSTRS), an investor group comprised of APG and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

The company has launched with a portfolio comprising 4.5GW of operating, under construction and late-stage development solar and battery storage projects, as well as a 3GW pipeline.

Arevon said it was to leverage “significant industry experience” from its staff and new leadership team – which includes ex-Capital Dynamics, sPower and AES executives – to deliver customised clean energy solutions to utilities and corporations in the US. Furthermore the company said it intended to expand upon its platform through customer acquisition activities, M&A and new developments.

John Breckenridge, CEO at Arevon and former head of clean energy infrastructure at Capital Dynamics, said: “Launching this clean energy platform gives Arevon the flexibility to expand our capabilities and engage in new partnerships.

“As the renewables industry matures, it is essential we bring both innovative offtake solutions and operational excellence to the market.”

More on this story, including exclusive insight from Arevon CEO John Breckenridge, is to be published on PV Tech tomorrow.

6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Read Next

September 17, 2021
US utility company Dominion Energy Virginia has proposed 15 new energy projects totalling 1GW of power for the state, which Dominion Energy claimed was the largest group of projects to be submitted to the Virginia State Corporation Commission (SCC)
PV Tech Premium
September 17, 2021
PV Tech spoke to investors and analysts about why Brazil is fast becoming an attractive market for solar investment.
September 16, 2021
Energy engineering firm Babcock & Wilcox is to enter the US solar market through the acquisition of a majority stake in Illinois-based solar contractor Fosler Construction.
September 16, 2021
North American module manufacturer Silfab Solar has received an investment led by private equity firm ARC Financial Corp to help scale up its US PV production footprint.
PV Tech Premium
September 16, 2021
Spencer Jansen, head of new technology solutions at developers Hive Energy and Ethical Power, assesses how the introduction of large-format solar modules has had repercussions throughout the solar design and procurement process.
PV Tech Premium
September 15, 2021
Record-breaking power prices across Europe have turned the spotlight on the role fossil fuel plants play in generating electricity and how the transition to renewables-plus-storage could lower consumer bills.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021