Origis Energy secures US$375m credit facility for solar, storage pipeline

Facebook
Twitter
LinkedIn
Reddit
Email
Origis has to date developed more than 4GW of solar and energy storage capacity. Image: Origis Energy.

US developer Origis Energy has secured a loan that will help it progress with its pipeline of more than 20GW of PV, solar-plus-storage and standalone storage projects.

The US$375 million oversubscribed credit facility bundles letter of credit and equipment financing. CIT, a division of First Citizens Bank, as well as Deutsche Bank, HSBC, Nomura, Rabobank and Santander were coordinating lead arrangers of the facilities.

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

Jamie Edwards, managing director of finance and accounting at Origis Energy, said that with the support of its new financial partners, the developer is “positioned to accelerate the growth of our development pipeline and secure the critical equipment necessary to meet our customers’ renewable energy needs”.

Headquartered in Miami, Florida, Origis has developed more than 4GW of solar and energy storage capacity. It also provides EPC, operations, maintenance and asset management services in the US.

The developer has secured a pair of module supply deals in the last two months: one with Maxeon Solar Technologies for 400MW of modules and another with First Solar for 750MW.

Last year, funds managed by private equity firm Antin Infrastructure Partners acquired a majority stake in Origis Energy from the developer’s CEO, Guy Vanderhaegen, and life insurance company Global Atlantic Financial Group.

On the credit facility deal, Antin senior partner Kevin Genieser said: “This transaction further highlights the well-capitalised company’s ability to deliver on its project pipeline.”

Other financing deals of note last month saw independent power producer Cypress Creek Renewables close a US$450 million debt facility to fund the growth of its solar and storage pipeline in the US while investment fund Quinbrook Infrastructure Partners closed a US$1.9 billion financing deal for solar-storage project in Nevada.

26 November 2024
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
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

November 14, 2024
In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.
November 13, 2024
The EAAIF, FMO and DEG have invested €84 million (US$89.2 million) into AXIAN Energy’s Kolda solar-plus-storage portfolio in Senegal.
November 11, 2024
Chinese solar manufacturing giant LONGi posted RMB1.26 billion (US$174.8 million) in losses in its Q3 2024 financial results.
November 11, 2024
The Global Solar Council announced that it will launch the International Solar Finance Group at the COP29 conference in Baku, Azerbaijan
November 8, 2024
US solar tracker manufacturer Array Technologies has posted US$231 million in revenues and adjusted EBITDA of US$46.7 million in its Q3 2024 financial results.
November 8, 2024
Danish renewable energy investment firm Copenhagen Infrastructure Partners (CIP) has launched a new Australian subsidiary, with eyes to deliver 6GW of new solar PV and wind energy in the next 10-years.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 19, 2024
Philadelphia, USA
Solar Media Events
November 20, 2024
Zhuhai, China
Solar Media Events
November 21, 2024
London, UK
Solar Media Events
November 26, 2024
Málaga, Spain
Solar Media Events
November 26, 2024
Warsaw, Poland