Solar developer Origis Energy agrees minority investment by Global Atlantic

The 52-MW MS Solar 3 plant in Lamar County, Mississippi. Source: Origis Energy

September 24 (Renewables Now) - Global Atlantic Financial Group Ltd has agreed to acquire a minority stake of an undisclosed size in the holding company for US utility-scale solar developer Origis Energy, the parties announced today.

Global Atlantic, a retirement, life and reinsurance products provider that got separated from Goldman Sachs in 2013, will buy a minority interest in Miami, Florida-based Origis USA LLC. Moreover, it will acquire a series of Origis projects, having already invested in over 150 MW of utility-scale schemes developed by the particular firm, the announcement says.

The fresh deal bolsters the two companies’ co-investment in the development of new solar and energy storage projects and also allows them to team up for the acquisition and management of third-party developed and operational assets.

Origis Energy has so far been involved in the development of over 100 solar projects around the world with a combined capacity exceeding 1 GW.

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

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