Origis Energy obtains USD-375m credit facility for solar pipeline

A 200-MW solar project by Origis Energy in Twiggs County, GA. Source: Origis Energy (www.origisenergy.com).

May 4 (Renewables Now) - US renewables platform Origis Energy has closed a USD-375-million (EUR 348m) credit facility for its solar and energy storage development project pipeline.

The facility was co-led by CIT, Deutsche Bank, HSBC, Nomura, Rabobank and Santander, all acting as coordinating lead arrangers. It consists of a letter of credit and equipment financing and was oversubscribed.

The Miami, Florida-based developer, which is majority-owned by Antin Infrastructure Partners, has a pipeline that tops 20 GW of utility-scale and distributed generation projects across solar, solar plus storage, and stand-alone storage technologies. Its customer base includes Investor Owned Utilities (IOUs), state and municipal utilities, California Community Choice Aggregators (CCAs), cooperatives and large corporations.

Latham and Watkins represented Origis Energy in the transaction, while Norton Rose Fulbright served as lender counsel.

(USD 1.0 = EUR 0.928)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription