- Origis Energy secured financing for the 150 MW Wheatland Solar project in Indiana and the 200 MW Optimist Solar + 50 MW storage project in Mississippi.
- The projects, backed by PPAs with CenterPoint Energy and TVA, showcase Origis’s full-scope capabilities and MUFG’s commitment to green financing.
Origis Energy, a U.S.-based leader in renewable energy and decarbonisation, has finalised financing for two major clean energy developments: the Wheatland Solar project in Indiana and the Optimist Solar + Storage project in Mississippi. The company secured the funding by partnering with MUFG, one of the world’s top 10 financial institutions.
Origis will develop, own, and operate both projects, demonstrating its full-spectrum capabilities in renewable energy deployment. The company also secured the financing to accelerate construction and meet growing demand for sustainable power nationwide.
Meanwhile, the Wheatland Solar project in Knox County, Indiana, will generate 150 MWac of solar power. Origis has scheduled the project for completion in the first half of 2026. A Power Purchase Agreement (PPA) with CenterPoint Energy will ensure reliable, long-term delivery of clean electricity to the regional grid.
Simultaneously, Origis has advanced the Optimist Solar + Storage project in Clay County, Mississippi. This facility will deliver 200 MWac of solar power and 50 MW of 4-hour battery storage. The Tennessee Valley Authority (TVA) has signed a PPA to purchase energy from the project, which will begin operations in early 2026. Origis completed financing for Optimist in late 2024.
Vikas Anand, CEO of Origis Energy, emphasised the significance of the financing: “We achieved a major milestone by closing financing on Wheatland Solar with MUFG and our other financial partners. We continue seeing unprecedented electricity demand growth and remain committed to delivering clean, reliable energy for CenterPoint and its customers.”
In addition, Patrick Klein, Managing Director of Project Finance Americas at MUFG, expressed his support for the collaboration: “We take pride in partnering with Origis to finance these critical projects. Our involvement reflects MUFG’s dedication to renewable energy and our commitment to supporting clients’ development goals. The Wheatland and Optimist projects will deliver clean, affordable power while creating jobs and economic value in their regions.”
Furthermore, MUFG led the financing as the Coordinating Lead Arranger, Green Loan Coordinator, and Administrative Agent. A consortium of Associated Bank, CoBank, National Bank of Canada, and NatWest served as Joint Lead Arrangers. Amalgamated Bank and Siemens Financial Services also joined as participating lenders.
Legal teams also provided comprehensive counsel throughout the process. Latham & Watkins represented Origis, with Taft Stettinius serving as local counsel. Milbank LLP represented MUFG, supported by Dentons as local counsel.