BBVA Co-Leads $525M Financing for Avantus’s Aratina 2 Solar-Plus-Storage Project
BBVA•BBVA joined a consortium providing more than $525 million in construction financing for Avantus’s Aratina 2 Solar and Storage Project in California. The deal bolsters Avantus’s green energy pipeline and expands BBVA’s renewable financing footprint.
1. Financing Package Overview
BBVA partnered with other lenders to supply over $525 million in construction loans for the Aratina 2 Solar and Storage Project, marking one of the largest solar-plus-storage financings announced in California this year.
2. Project Description
Aratina 2 will integrate photovoltaic panels with battery storage to deliver firm renewable power to California’s grid, supporting state targets for reliable clean energy.
3. Implications for BBVA
The transaction strengthens BBVA’s renewable energy loan portfolio, aligns with its sustainability commitments and is expected to generate significant interest income and advisory fees during the construction phase.
