US developer Arevia Power secures investment from KKR and GCM Grosvenor

August 23, 2022
Facebook
Twitter
LinkedIn
Reddit
Email
Arevia Power originates, permits and manages renewable energy plants through their lifecycles. Image: Endesa

US renewables developer Arevia Power will accelerate its work on new solar and wind projects in the country after securing an investment from KKR and asset management firm GCM Grosvenor.

Private equity firm KKR said it led a “significant structured investment” in the Los Angeles-based developer, with strategic participation by GCM Grosvenor.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Founded in 2015, Arevia Power originates, permits and manages renewable energy plants through their lifecycles, and is currently advancing a multi-gigawatt portfolio of early-stage projects across the US.

The company’s founders, Mark Boyadjian and Ricardo Graf, have developed more than 2GW of utility-scale solar, according to KKR.

Arevia previously led the development of the Gemini Solar + Storage project in Nevada, an installation that pairs 690MWac / 966MWdc of solar PV with 380MW / 1,416MWh of battery storage and is due to be completed next year, as reported by sister site Energy-Storage.news.

In tandem with the investment, Arevia has executed a responsible contractor policy for its clean energy portfolio in the US that promotes a highly skilled workforce with a commitment to health and safety on the job, fair wages and benefits, and future workforce development.

Arevia managing partner Mark Boyadjian said the financing gives the company the flexible capital needed and the right partners to expand its solar and wind pipeline throughout the US in a thoughtful way.

“Together, this platform investment and new relationship with two world-class investment firms will supercharge our development of clean energy solutions,” he said.

For KKR, the deal comes after it launched a utility-scale solar and energy storage development platform, Stellar Renewable Power, late last year. The firm has since launched a Southeast Asia-focused renewables platform and acquired French renewables developer Albioma.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 29, 2025
The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh BESS portfolio in Uzbekistan.
October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
Premium
October 28, 2025
BESS are 'the new player that everyone is talking about,' in Europe’s power purchase agreement (PPA) space, according to LevelTen.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 23, 2025
The average price of a solar PPA signed in Europe in Q3 2025 fell below €35/MWh, reaching €34.25/MWh, according to LevelTen Energy.
October 23, 2025
Infrastructure investment firm Nuveen Infrastructure has secured US$171 million in financing for a 137MW solar PV plant in South Korea.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany