Avantus secures $300m in tax equity for Aratina 2 solar storage project

Avantus, a US-based independent power producer, has secured a $300m tax equity commitment from Truist Bank to support development of the Aratina 2 solar and battery storage facility located in Kern County, California. The investment represents the latest financing milestone for the project, which is currently under active construction with operations targeted to commence by the end of 2026.
The facility will feature 150MW of solar generation capacity paired with 452MWh of battery storage capabi