At a glance
- The commitment lets Arevon monetize the project's tax attributes, including depreciation and investment tax credits.
- Big Muddy is the second tax equity commitment Arevon has taken from Wells Fargo.
- For allocators weighing solar tax-credit vehicles, the Big Muddy commitment shows Wells Fargo is providing tax equity for an Illinois project nearing completion.
Arevon Energy closed a $120 million tax equity commitment from Wells Fargo Bank for Big Muddy Solar, a 124-megawatt dc project in Jackson County, Ill., IREI reported Oct. 30.
The commitment lets Arevon monetize the project's tax attributes, including depreciation and investment tax credits. It adds to a $183 million debt package Arevon announced in February, and terms of this commitment were not disclosed.
Big Muddy is the second tax equity commitment Arevon has taken from Wells Fargo. Construction began in 2025, and the project is slated to reach commercial operations by year-end.
For allocators weighing solar tax-credit vehicles, the Big Muddy commitment shows Wells Fargo is providing tax equity for an Illinois project nearing completion.
Reported by the Energy Transition desk from Institutional Real Estate, Inc. (IREI). Published . Corrections