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Arevon Energy has secured $1.1 billion in aggregate financing commitments for its Eland 2 solar-plus-storage project in Kern County, Calif. 

The 374 MW solar project coupled with 150 MW of energy storage is under early-stage construction and is anticipated to come online in 2025. Eland 2, combined with the project’s first phase, Eland 1, collectively represent one of the largest power plants in the company’s portfolio.

“The Eland 2 financing is an amazing accomplishment after Eland 1 which achieved financial close in 2022,” says Arevon’s Daniel Murphy. Both projects are excellent examples of Arevon’s ability to execute on large, complex transactions. I’m proud of our team’s achievement and grateful to our valued partners as we continue to complete successful transactions in this increasingly intricate space.”

Under a long-term PPA with Southern California Public Power Authority, Eland 2 will provide 200 MWac of electricity to serve the power needs of Southern California. Solar generated by this project is enhanced by Tesla’s Megapack 2 XL battery system. San Diego-based SOLV Energy is the project’s EPC contractor.

Wells Fargo provided a $431 million tax equity commitment. Arevon obtained $654 million of debt financing including a construction-to-term loan, a tax equity bridge loan and letter of credit facilities. Canadian Imperial Bank of Commerce served as the administrative agent, coordinating lead arranger, green loan coordinator, and bookrunner. Other coordinating lead arrangers included BNP Paribas, CoBank, Commerzbank AG, Commonwealth Bank of Australia and National Bank of Canada. J.P. Morgan served as joint lead arranger, collateral and depositary agent. Amis, Patel & Brewer represented Arevon as sponsor counsel. Milbank served as lender counsel and Sheppard Mullin served as tax equity counsel.

The post Arevon Secures $1.1B Close for Eland 2 Solar-plus-Storage Project appeared first on Solar Industry.

Arevon Secures $1.1 Billion for Eland 2 Solar+Storage Project

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Trump’s Popularity on “The Continent”

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I can’t swear that the data at left is accurate, but it certainly rings true based on the considerable number of Europeans I meet each month. They tend to disapprove of lawlessness, stupidity, and wars that are unnecessary and illegal.

By comparison, Americans are uneducated savages.

Trump’s Popularity on “The Continent”

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Moray West Offline, Iberdrola in Australia

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Weather Guard Lightning Tech

Moray West Offline, Iberdrola in Australia

Allen covers a substation failure that has left Scotland’s 882 MW Moray West farm half-offline since November, GE Vernova’s new Italy contract and Milan factory investment, Iberdrola’s sixth Australian acquisition of 2026, and Flender India’s new gearbox test rig near Chennai.

Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTubeLinkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us!

The wind industry had quite a week.

Let us start in Scotland, off the rugged north-east coast, where something has gone quietly wrong. Ocean Winds and Ignitis built Moray West, an eight hundred and eighty-two megawatt offshore wind farm — one of the largest in Scotland. But one of its two offshore substations has been offline since November. Half the farm’s capacity … gone dark. And there is more. The project missed a contractual milestone last September under an off-take agreement. That triggered an event of default under its project lending agreements. The lenders and the sponsors have agreed to a short-term waiver. Discussions are described as constructive. Commercial operations, originally expected last year, are now targeted for sometime in 2026. Eight hundred and eighty-two megawatts … waiting.

Now, let us travel south to Italy. GE Vernova has won a contract to supply seventeen onshore turbines to IVPC Group’s Fortore wind farm in the Benevento region of southern Italy. The project tops one hundred megawatts. Turbine deliveries begin in twenty twenty-seven. GE Vernova is also investing thirty million dollars to expand its Sesto San Giovanni plant outside Milan. That investment boosts production of transformer bushings, the insulating components that keep high-voltage equipment running. About fifty new jobs are coming to that facility. And GE Vernova’s two-piece blade design for its six-point-one megawatt turbines is already drawing attention as developers scramble to crack Italy’s notoriously complex logistics and permitting hurdles. Italy is a market in motion.

Now, to the other side of the world. Iberdrola has completed the acquisition of the Ararat wind farm in Victoria, Australia. Two hundred and forty-two megawatts. Operational since twenty seventeen. This is Iberdrola’s sixth transaction of twenty twenty-six alone, and it marks the Spanish giant’s first owned generation asset in Victoria, Australia’s second most populous state. Iberdrola now operates in five Australian states with more than twenty-five hundred megawatts of installed capacity. Victoria has set a target of ninety-five percent renewable energy by twenty thirty-five. Iberdrola intends to help get it there.

And finally, from Chennai, India, comes a story about getting ready for what is coming. Flender India has just inaugurated its largest and most advanced gearbox test rig for wind turbines at its Walajabad facility near Chennai. The project began in January of twenty twenty-five at Flender’s Voerde site in Germany. From start to finish, thirteen months. Final assembly, three months. This is a collaboration between Flender’s operations in Germany, China, and India. CEO Andreas Evertz called it a testament to their global commitment to driving renewable energy solutions worldwide. India’s wind market is growing fast, and Flender is making sure it can test every gearbox that growth demands.

So, let us step back and look at the picture. A Scottish offshore wind farm sits half-dark while its owners negotiate with lenders. GE Vernova plants its flag in southern Italy and invests thirty million dollars in an Italian factory. Iberdrola expands to a sixth Australian transaction in a single year. And Flender India builds the biggest gearbox test rig on the subcontinent. And that is the state of the wind industry for the ninth of March, twenty twenty-six. Join us for the Uptime Wind Energy Podcast tomorrow

Moray West Offline, Iberdrola in Australia

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Two Thousand Years Later, Society’s Relationship with Religion Hasn’t Changed Much

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As shown at left, the ancient Roman stoic philosopher Seneca had a viewpoint on religion that is shared 100% by modern atheists.

Two Thousand Years Later, Society’s Relationship with Religion Hasn’t Changed Much

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