Capital Dynamics has announced that members of its US Clean Energy Infrastructure team would join forces with Arevon Asset Management, its energy asset management subsidiary, to establish Arevon Energy, Inc.
Arevon is backed by a consortium of investors that includes APG, the California State Teachers’ Retirement System, and an Abu Dhabi Investment Authority wholly-owned subsidiary. They have been long-term Capital Dynamics investors and will hold 100 per cent of the newly created company.
Arevon will provide assistance for a standalone sustainable energy platform with 4.5 GW of operational, under construction, and late-stage development solar and battery storage projects, as well as a 3 GW pipeline. The deal, which is subject to regulatory approval, is anticipated to conclude in early 2022.
Capital Dynamics and Arevon have engaged into a consultancy services arrangement in addition to maintaining asset management services for Capital Dynamics’ existing renewable energy projects in the US. Capital Dynamics continues to manage its CEI funds and run its CEI investment strategy, which has assets in the US and Europe. Capital Dynamics manages and advises on more than USD 15 billion in assets. Arevon employs technology to provide commercial, financial, performance asset management, and construction services to approximately 10 GWAC of renewable energy assets supplying clean energy to utilities and companies.
