Avantus secures $525 million construction financing for Aratina 2 Solar and Storage Project in California
Type: Financing · Technology: Hybrid · Country: United States · Capacity: 525 MW · Value: $525M · Announced: 2026-07-09
Renewable energy developer Avantus finalized $525 million in construction financing to advance the Aratina 2 Solar and Storage Project, a 525 MW hybrid facility combining solar and battery storage in California. The project, developed under Avantus's partnership with parent company Aratina, will integrate utility-scale solar generation with battery energy storage systems to enhance grid reliability and support California's renewable energy targets. Construction is expected to commence in mid-2026, with commercial operations anticipated by 2028, positioning the project as one of the largest solar-plus-storage initiatives in the state. The financing package underscores growing investor confidence in hybrid renewable projects that address intermittency challenges while meeting surging power demand from data centers and industrial loads. Avantus, formerly known as 8minute Solar Energy, has rapidly expanded its portfolio in the Western U.S., with Aratina providing strategic capital and development expertise to scale large-scale clean energy infrastructure.