Arevon Energy, a renewable energy developer, announced the appointment of Nimmi Kavasery as Managing Director of Project Finance.
Nimmi Kavasery, who will be based in Arevon’s New York office, has 15 years of financing experience, including more than a decade of expertise in clean energy project finance, developed during her tenures at Bank of America and GE Capital – Energy Financial Services.
Nimmi Kavasery most recently worked at Bank of America as a Director in the Global Sustainable Finance Group, where she co-led the Bank’s tax credit syndication desk.
Before that, Nimmi Kavasery spent eight years as a Senior Vice President in Bank of America’s Renewable Energy Finance practice, where she focused on tax equity investments by the bank.
Prior to her tenure at Bank of America, Nimmi Kavasery was an Assistant Vice President at GE Capital – Energy Financial Services.
At Arevon’s Project Finance team, Nimmi Kavasery will manage the negotiation and execution of project financings and structure tax equity partnerships. Nimmi Kavasery will work under the management of Denise Tait, Arevon’s Chief Investment Officer, who leads Arevon’s financing and investment activities.
Arevon has announced several project deals, resulting in more than $2.3 billion in financing.
Arevon’s recent project deals
# $529 million financing package for the Vikings Solar-plus-Storage Project
# $350 million preferred equity, debt, and ITC transfer financing for the Condor Energy Storage Project
# $1.1 billion tax equity commitment and debt financing for Eland 2 Solar-plus-Storage Project
# $352 million financing package for Posey Solar Project
Arevon Energy owns and operates more than 4,000 MW of solar, storage, and solar + storage hybrid assets. It has a portfolio of more than 6 GW of projects in development.