US Energy Firm Origis Energy Raises $750 Million For Solar, Storage Plans

By Saur News Bureau/ Updated On Thu, Aug 17th, 2023

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Origis Energy, one of America’s leading renewable energy platforms, announced on Aug 16 that it has closed a $750 million construction warehouse funding facility. The facility will fund large scale solar and energy storage project construction totaling approximately 2 gigawatts (GW) across 15 states over the next three years. The move follows the announcement of an upsizing amendment to raise the money in March this year.

The new solar, storage and colocated solar plus storage projects, are expected to be completed by 2026. Power Purchase Agreements, serving a variety of utility and corporate clients, have been secured on all the assets according to the firm. Origis claims an industry leading clean energy pipeline which currently stands at 18 GW of solar and 36 GWh of storage capacity. The company is active in 31 states across the US on date.

“Origis is in an unprecedented growth cycle fueled by customer demand and the Inflation Reduction Act,” said Guy Vanderhaegen, Chief Executive Officer & President, Origis Energy. “Advancing construction of our renewable energy pipeline is a top priority, one served by this new financing. The arrangement also demonstrates the continued trust of the financial community in our team. We thank Santander, Rabobank, and Natixis for their collaboration. Together we are delivering clean, cost-effective energy to our customers.”