Georgia 24.5MW acqusition marks start of RET Capital-Origis collaboration

January 16, 2015
Facebook
Twitter
LinkedIn
Reddit
Email

Renewable Energy Trust Capital (RET Capital) has, in the process of signing a collaboration framework agreement with developer Origis Energy, acquired three PV plants in the US state of Georgia which total 24.5MW of generation capacity.

RET Capital, one of solar’s top five venture capital-funded companies in 2014, is a privately held equity investment company which acquires solar PV projects with long-term contracted cash flows in place. The three plants, Camilla, Upson and Camp, have been bought from developer and financier Origis Energy, which has offices in Florida, Cyprus and Belgium.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

In striking up the new deal, RET Capital and Origis have signed a collaboration agreement to continue working together on “co-development and acquisition efforts”. RET Capital will, as might be expected, provide long-term capital, while Origis will serve as operations and maintenance (O&M), engineering, procurement and construction (EPC) and asset management partner. RET Capital talked up the deal as a source of “substantial benefits and accelerated growth” for both parties. Origis president Guy Vanderhaegen said the two partners had ambitions to develop and own projects across the entire US.

Power purchase agreements (PPAs) are in place with local utility Georgia Power for the sale of electricity from the three Georgia projects for a period of 20 years, with Origis contracted for O&M duties for all three facilities. The 24.5MW of plants were built as part of Georgia’s Large Scale Initiative programme.

Recent analysis from Mercom Capital showed that RET Capital was one of 2014’s five biggest recipients of VC-funding in solar, attracting US$125 million and placing it third in the rankings. RET Capital’s lead investor is BlueMountain Capital Management, which holds over US$19 billion in assets.

Through a subsidiary in Ontario, RET Capital has already this year acquired two utility-scale plants from Canadian Solar, with a third to be built as part of that deal. In addition to focusing on growth and asset management, RET Capital appears to value working at scale and in a statement to announce the latest acquisition referred to a strategy of “collaborating with middle market developers and other industry stakeholders to lower their cost of capital, increase standardisation, and facilitate accelerated growth”.

Read Next

Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 17, 2025
A group of over 20 US states are suing the Trump administration for the cancellation of the US$7 billion Solar For All Scheme.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK