Arevon Energy raises US$183 million in debt financing from Intesa Sanpaolo and Crédit Agricole for Big Muddy solar project

Arevon Energy's successful procurement of US$183 million in debt financing from Intesa Sanpaolo and Crédit Agricole for its 124MW Big Muddy solar project in Illinois signifies continued investor confidence in renewable energy infrastructure within the United States. The financing will support the ongoing construction of the project in Jackson County, Illinois. The involvement of established lenders like Crédit Agricole and Intesa Sanpaolo underscores the project's bankability and the attractiveness of the solar sector to institutional investors. While Bank Hapoalim is listed as an investor, the deal details do not specify their role in this particular financing round. This transaction highlights the increasing trend of large-scale solar projects being financed through debt, reflecting a maturing market where renewable energy assets are viewed as stable and predictable investments. The Big Muddy project contributes to the growing solar capacity in the US, supporting the country's transition towards cleaner energy sources. The deal's announcement in 2026 suggests a forward-looking investment strategy, anticipating continued growth and demand within the renewable energy sector.