- Renewable energy platform Origis Energy has obtained a US$750 million credit facility for its US solar and energy storage development project pipeline.
- Origis Energy signed a supply agreement for more than 700MW of bifacial PERC PV modules from manufacturer Boviet Solar Technology last year.
Renewable energy platform Origis Energy has obtained a US$750 million credit facility for its US solar and energy storage development project pipeline. The company said this financing round followed a US$375 million credit facility announced in May 2022, claiming it was the largest credit facility announced this year for a utility-scale solar and storage development project pipeline.
First Citizens Bank’s division CIT was the lead arranger, with other lenders including Santander, Deutsche Bank, HSBC, Rabobank and Nomura, to name a few.
Jamie Edwards, managing director of finance and accounting at Origis Energy, said, “The offering upsized our 2022 facility by double and was also oversubscribed. The recent passing of the Inflation Reduction Act invoking incentive stability, market demand for high-quality clean energy generation and the strong Origis track record drove high interest in this financing round.”