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

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

September 15, 2025
Advances in edge-based artificial intelligence are helping make solar and storage interoperable by tackling the data challenge, writes Andrew Foster.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines