Latham & Watkins Advises Arevon Energy, Inc. on Closing of US$920 Million Financing Package for 300MW Nighthawk Energy Storage Project

Arevon Energy, Inc., a leading American energy developer, announced that it has successfully closed a US$920 million financing package for its 300 megawatt (MW)/1,200 megawatt‑hour (MWh) Nighthawk Energy Storage Project in Poway, California. The financing package includes a debt facility, a preferred equity investment, and a tax credit transfer commitment for Arevon’s largest standalone energy storage project.

Latham & Watkins LLP advised Arevon Energy in the transaction with a Project Development & Finance team led by New York partner Kelly Cataldo and San Diego partner Omar Nazif. The Project Development & Finance team included counsel Tim Coxon, with associates Donna Chen, Andrea Garcia, Lauren Lozada, and Arielle Schechtman, with assistance from Ben Krapels. Advice on tax matters was provided by Washington, D.C. partner Scott Cockerham, with associate Jared Kawalsky.