Scale and vertical integration now critical to success in US solar, says Arevon CEO

Size, scale and vertical integration are imperative for success in the richly competitive US solar market as a result of its maturation and evolving customer base, the CEO of Arevon Energy, the US renewables platform spun out of Capital Dynamics, has said.

Yesterday Capital Dynamics revealed it had spun out its US clean energy infrastructure arm and merged it with asset management firm Arevon to create Arevon Energy, a new US clean energy platform that will develop, build, own and operate solar and energy storage projects throughout the US.

The platform will start with 4.5GW portfolio of operational, under construction and late-stage development solar and battery storage sites, as well as a 3GW pipeline it is looking to progress.

Speaking to PV Tech, Arevon Energy CEO John Breckenridge said it was this scale – the business has total assets valued at US$12 billion – that stands to give Arevon sufficient strength in order to succeed in what is rapidly becoming a richly competitive US solar market.

“That gives us the scale, in terms of procurement, in terms of how we operate, in terms of how we construct even in some of our development activities, relationships with off takers… all of those things that are beyond the cost of capital that are only really available if you have size, scale and vertical integration,” Breckenridge said.

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Source: https://www.pv-tech.org/