Origis Energy secures additional $750 million for solar and storage projects



Origis Energy has closed an increase in its development financing arrangement that will double the company’s capacity to $750 million.

With improved flexibility and capacity additions, the credit facility will support the further expansion of Origis Energy’s utility-scale solar and energy storage project pipeline.

This funding round follows a $375 million facility announced in May 2022.

The main organizer was First Citizens Bank’s department CIT. Lenders supporting the change and increasing their commitments were Santander, Deutsche Bank, HSBC, Rabobank and Nomura. New entrants join the syndicate: Truist Securities, Sumitomo Mitsui Banking Corp. (SMBC), KeyBank, Natixis and Société Générale.

“Recently passed inflation reduction legislation, citing incentive stability, market demand for high-quality clean energy generation, and Origis’ strong track record generated strong interest in this funding round,” said Origis Energy’s Jamie Edwards. “The bid doubles our 2022 facility and was also oversubscribed.”

The majority owner of Origis Energy is the funds managed by Antin Infrastructure Partners.

Latham and Watkins represented Origis Energy in the transaction. Norton Rose Fulbright acted as advisor to the lender.

David is a passionate writer and researcher who specializes in solar energy. He has a strong background in engineering and environmental science, which gives him a deep understanding of the science behind solar power and its benefits. David writes about the latest developments in solar technology and provides practical advice for homeowners and businesses who are interested in switching to solar.

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