Project Finance Brief: Eolian Secures $463 Million Financing for BESS Project
Rivington Energy acquires 139 MW solar and BESS portfolio
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Eolian, a U.S. developer, owner, and operator of renewable energy and energy storage infrastructure, secured $463 million financing from Natixis Corporate and Investment Banking. The funding will be used for the development and construction of the Padua 2 and Padua 3 battery energy storage systems, totaling 350 MW/1.7 GWh, in Bexar County, Texas. The financing will support the completion of the final stages of the Padua Complex, which is projected to be finished by spring 2026.
