Origis Energy secures US$300 million financing to develop US solar and storage pipeline

Facebook
Twitter
LinkedIn
Reddit
Email
Origis Energy secures US$300 million financing facility to develop its solar and storage portfolio.
The facility from KKR will support Origis Energy’s solar and storage development and construction pipeline in the US. Image: Origis Energy.

US solar developer Origis Energy has secured a US$300 million corporate financing facility from investment firm KKR.

Proceeds from the facility will support the developer’s US solar and storage development and construction pipeline. It currently has a 12GW portfolio of projects in operation, contracted and in mature development with a further 13GW in the pipeline.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Demand for renewable energy financing is stronger than ever and we are pleased to support Origis Energy, one of the leading developers in this space,” said Sam Mencoff, Director at KKR.

This is Origis’ latest financing secured this year for the development of projects, with the developer securing a US$136 million construction financing facility last month for a 75MW solar project in Florida. Earlier in the year it signed a US$317 million tax equity agreement with banking company JP Morgan for two projects located in the US states of New Mexico and Mississippi. Once completed, the projects will have a combined installed capacity of 350MW.

Moreover, in March this year, the company named Vikas Anand as its new chief executive officer. Anand joined the company in August 2023 as chief operating officer and chief financial officer. Origis founder, Guy Vanderhaegen, who had served as CEO and president to date moved into the new role of executive chairman.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 14, 2024
Ørsted has commissioned its Helena Energy Center in the US state of Texas, a 518MW co-located solar and wind project.
June 14, 2024
US renewable energy project developer Ameren Missouri has acquired a 150MW solar PV project in the state of Illinois.
Premium
June 14, 2024
PV Tech Premium looks at FERC's recent ruling on Order 1920 and how it will affect transmission planning in the future.
June 13, 2024
US solar technology company Swift Solar has secured US$27 million to develop its perovskite tandem solar cell manufacturing.
June 12, 2024
Burns & McDonnell has started construction on Consumers Energy’s 297MWdc/250MWac solar project in the US state of Michigan.
June 12, 2024
US renewables developer Origis Energy has commissioned the 200MW Escalante solar project in New Mexico alongside non-for-profit electricity utility Tri-State Generation and Transmission Association.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia