Arevia Power Secures Significant Investment Led by KKR

August 24, 2022

Willkie advised Arevia Power in connection with financing from KKR and GCM Grosvenor.

Willkie client Arevia Power, a U.S. renewable energy developer, recently announced that it has secured a significant loan facility with warrants to pay for development expenses, overhead and other working capital needs from Global Atlantic, an affiliate of KKR, and GCM Grosvenor. The new facility is expected to support Arevia’s accelerated growth and development of new solar and wind projects

Arevia Power is a dedicated solar and wind project developer that originates and develops renewable energy projects. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. GCM Grosvenor is a global alternative asset management solutions provider with approximately $71 billion in assets under management.

The Willkie team was led by partner Jorge Kamine and included partners Alexander Ryan, Scott Thompson and Russell Pinilis and associate Matthew Vitorla.