Intesa Sanpaolo backs Big Muddy solar project in the US
12 March 2026
Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has coordinated and participated in a $183 million financing for Arevon, a US-based energy developer and operator.
Project finance supporting solar energy development in the United States
The transaction will support the construction of Big Muddy, a 124 MWdc solar plant located in Jackson County, Illinois. Once completed, the project will significantly contribute to clean energy generation in the Midwest, supporting regional decarbonisation targets.
In the transaction, Intesa Sanpaolo’s IMI Corporate & Investment Banking Division acted as Coordinating Lead Arranger, Joint Bookrunner and Green Loan Coordinator.
“Supporting Arevon in such a high-impact initiative confirms our ability to work alongside top-tier partners in developing strategic investments, contributing concretely to the global energy transition. This financing reflects the strength of our project-finance capabilities, the quality of our international platform, and our continued commitment to promoting sustainable projects with meaningful benefits for communities and the broader economy”
Mauro Micillo, Chief of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division
Arevon, a leading operator in the US energy market, owns and operates more than 6 gigawatts (GW) of solar and energy storage projects across 18 states, representing over $11 billion in capital investment, and is currently building more than 600 megawatts (MW) of new capacity.
The transaction confirms Intesa Sanpaolo’s ability to support strategic projects in major international markets, leveraging its project finance expertise and global platform to advance the energy transition.
Intesa Sanpaolo’s strategic presence in the United States
Intesa Sanpaolo maintains a solid presence in the United States through offices and branches dedicated to corporate banking and cross-border activities. Over the years, the Group led by CEO Carlo Messina has supported corporates and financial institutions in strategic transactions across infrastructure, energy and industrial sectors.
This long-standing presence reinforces the role of Intesa Sanpaolo as a financial bridge between Europe and the Americas and supports investments that contribute to sustainable economic development and energy transition.
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Last updated 12 March 2026 at 12:13:54
