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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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Cage Fighting on the White House Lawn

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Maybe turning the White House into an attraction for the country’s least educated people (some say “trailer trash”) isn’t a good idea. It’s often referred to as the most demeaning moment in U.S history.

But let’s be real.  Our nation is at its lowest point since its founding.  Maybe we can, as a country, use this moment of extreme degradation as alcoholics refer to as “hitting rock bottom.”

https://www.2greenenergy.com/2026/06/14/white-house-lawn/

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An Encounter on Tariffs

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I met a fellow earlier today who, with a partner, owns and runs a company that imports a wide variety of goods into the United States from China.

I asked him, naively, how tariffs are affecting him.  He said, “Well, until recently, taxes on our goods were 3.5%; now they’re 45%. I pass most of this this on to my (retailer) customer, and he passes it on to you.  If you’re wondering why the price of a stick of deodorant has just gone through the roof, you’ve just figured it out.”

In retrospect, I shouldn’t have brought it up in the first place.

An Encounter on Tariffs

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Trevor Noah

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I met a gentleman from South Africa yesterday, and I told him that I’m sure he knows that Trevor Noah is a huge thing here in the U.S.

He replied that he doesn’t like Trevor Noah and explained that he doesn’t think politics and comedy should be mixed.

I thought that to be peculiar, as political humor has been a big deal here for centuries, and has grown mightily since the 1970s.  Think of Saturday Night Live and all the late-night television hosts that have come along and achieved huge popularity.

More to the point, this is Trevor Noah’s brand. It’s what he does–and sells for a living. It’s like Nike and its swoosh and it’s “Just do it” slogan.

I have a feeling that what he objects to is the mixing of left-wing politics and comedy, because he doesn’t like to see progressive ideas promoted in society.

https://www.2greenenergy.com/2026/06/14/trevor-noah/

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