Arevia Power was founded in 2015 by a team of utility-scale solar PV developers with 22years combined experience. Arevia’s founders have developed, originated, or constructed over 2 gigawatts of utility scale solar PV from inception to operations since 2008. The company operates as a project owner / developer and manages projects through entire life cycles, start to finish, including but not limited to the following key activities:
MANAGING PARTNER
Mark founded Arevia Power in 2015. Mark leads Arevia’s Fundraising and Power Marketing. Mark has led over $600MM in solar project fundraising over the last 11 years. Mark has direct experience in raising capital throughout solar projects’ lifecycle from development capital to Tax Equity and permanent financing. Mark also led the funding of SunEdison’s first non-recourse $85MM development capital loan. In addition to fundraising, Mark has deep experience in tax credit and PPA structuring. Mark was responsible for structuring and closing SunEdison’s 2012 New Markets Tax Credit twinned with solar project in Massachusetts and for the 2012 CPS Energy 36MW Partial Prepay project. He holds a B.S. in Finance from New York University Stern and an M.B.A. from University of Pennsylvania – The Wharton School.
CHIEF DEVELOPMENT OFFICER AND MANAGING PARTNER
Ricardo leads all of Arevia’s project development efforts including permitting, interconnection, regulatory affairs and construction. He is seasoned in all facets of utility-scale solar PV and battery project development. Before co-founding Arevia, led solar development project teams to over $502MM in project financing over the last nine-year period. During this time, he has created over 2.5GW of project pipeline/backlog in the Western U.S., Hawaii, Puerto Rico at Axio Power, SunEdison and GCL New Energy. and manages overall portfolio execution. He holds a B.S. in Public Relations from Pacific Union College and an M.B.A. from La Sierra University.
STRATEGIC ADVISOR
Tim leads Arevia Power’s wind project development efforts. He began his renewable energy career at Enron Wind and GE Wind in Tehachapi, CA in 2001. He was co-founder and CEO of Axio Power, one of the first utility-scale solar developers in the U.S. and Canada from 2007-2011. Axio was acquired by SunEdison where Tim became General Manager of the North American business, developing, financing, and constructing over 1.5 GW of projects. Tim later was CEO of Lightsource North America which was acquired by British Petroleum in 2018. In 2019 he co-founded Helios Energy, a utility scale solar developer in in New Zealand where he serves as a Director and Advisor. Tim holds a BA from Dartmouth College, an MBA from the University of Michigan, and served as a US Army officer for eight years.
SENIOR VICE PRESIDENT OF LANDS & PERMITTING
Rafik has 15 years of experience in due diligence, permitting, and environmental review of a wide scope of projects, including residential, industrial, commercial and mixed-use development, in addition to a focus on renewable energy. At EPD Solutions, his work spanned from due diligence to construction permits, and he led entitlement efforts and environmental reviews for over 2 GW of solar projects, primarily in the Western U.S. He holds a B.S. in City and Regional Planning from California Polytechnic State University San Luis Obispo and an M.B.A. from California State University, Long Beach.
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