Avantus has closed a $300 million tax equity commitment from Truist Bank for the Aratina 2 project located in Kern County, California. The financing supplements more than $525 million in construction financing secured from BBVA, CIBC and Santander in July 2026. The project will provide 150 MW of solar generation and 452 MWh of battery storage to the California grid.
Furthermore, the project is currently under construction and is expected to commence operations by the end of 2026. The project also has 15-year power purchase agreements with Southern California Edison and will be operated and maintained by Avantus. Together with Aratina 1, the projects will total 350 MW of solar and 952 MWh of battery storage capacities.
In July 2026, Avantus signed a 20-year power purchase agreement with Clean Power Alliance for the Rexford 2 solar and battery energy storage system project. The project is located in Tulare County, California. It will combine 200 MWac of solar generation with 200 MW/800 MWh of battery energy storage. Additionally, it will supply enough clean electricity to power around 84,000 homes.
