- Origis Energy secures $118 million financing for the Chalan Solar + Storage project, advancing its growing clean energy portfolio in the United States.
- The hybrid project enhances grid reliability, combining solar generation with battery storage under a long-term power purchase agreement.
Origis Energy has closed $118 million in tax equity financing from RBC Community Investments to support the Chalan Solar + Storage project in Kern County. This financing marks a key milestone as the company expands its portfolio of large-scale clean energy assets.
Origis Energy is currently constructing the hybrid facility and will own and operate it upon completion. The project combines a 65 MWac solar installation with a 25 MW / 100 MWh battery energy storage system. It will begin commercial operations in the fourth quarter of 2026.
Meanwhile, the project will supply electricity under a 20-year power purchase agreement with Pioneer Community Energy, which serves customers in Placer and El Dorado counties. Alice Heathcote, Chief Financial Officer of Origis Energy, stated that the financing reflects the company’s ability to deliver reliable and affordable clean energy while strengthening its development and financing capabilities.
Jonathan Cheng, Managing Director and Head of Renewable Energy Tax Equity Investments at RBC, said the investment reinforces RBC’s commitment to advancing the clean energy transition. He also highlighted the potential for future collaborations with Origis Energy.
The Chalan project adds to the growing number of hybrid solar-plus-storage facilities across the United States. These systems generate clean electricity during the day and store excess energy for use during peak demand periods. As a result, they improve grid reliability, expand access to clean energy, and support the stability of regional power systems.