August 10, 2026
Avantus currently has a 24GW development pipeline, including 13GW of solar paired with 44GWh of battery energy storage. Image: Avantus.
US independent power producer (IPP) Avantus has closed a US$1.05 billion corporate credit facility to support the company’s IPP strategy and accelerate the development of its solar and energy storage portfolio across California and the Desert Southwest.
Avantus currently has a 24GW development pipeline, including 13GW of solar paired with 44GWh of battery energy storage system (BESS). Prior to a 2022 rebrand, the company was known as 8minuteenergy Renewables.
“This upsized facility provides Avantus with the flexibility to advance our pipeline of high-quality solar and storage assets, moving projects swiftly from development into construction and operations,” said Omar Karar, executive vice president of capital markets and M&A at Avantus. “The strong demand reflects deep institutional conviction in our platform, and we’re grateful to be expanding and extending our relationships with leading firms long rooted in our sector.”
