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Origis Energy, the US-based utility-scale solar and storage projects developer, has raised $900 million to support its pipeline of over 5 GW solar and storage capacity. The corporate facility comprises $650 million of funded credit facilities and a $250 million letter of credit facility, backed by a consortium of banks led by First Citizens Bank, ING, Natixis, and Santander. Infrastructure investor EIG served as the sole purchaser of notes issued under the transaction. Management said this facility provides it with substantial liquidity to accelerate its near-term project pipeline and support the continued development of its more than 20 GW pipeline, driven by strong demand from AI innovation, manufacturing, and electrification. This follows the $118 million the company raised for the Chalan Solar Project in April 2026 (see North America Solar PV News Snippets).
HA Sustainable Infrastructure Capital, Inc. (HASI) has priced a $1 billion offering of 5.95% green senior unsecured notes due 2033. The company expects to receive approximately $987 million in net proceeds, with the transaction scheduled to close on June 24, 2026, subject to customary conditions. HASI said the proceeds will initially be used to reduce borrowings under its revolving credit facility or commercial paper programs. The funds will later be allocated to acquire, invest in, or refinance eligible green projects, including solar, energy storage, wind, renewable natural gas, and energy-efficiency assets, supporting the company's sustainable infrastructure investment strategy.
Permanent Power Company, backed by the CIM Group, has secured approximately $600 million in construction financing for its Grape Solar and Battery Storage project in California. The financing package includes a construction-to-term loan, a tax credit transfer bridge loan, and a letter of credit facility. The Grape project will combine 246.4 MW AC of solar PV capacity with 150 MW AC/600 MWh of battery energy storage system (BESS) at Westlands Solar Park in California’s San Joaquin Valley. The company said it has signed a long-term power purchase agreement (PPA) covering the project’s full solar and storage output. Currently under construction, the project is expected to create more than 400 construction jobs and generate enough electricity to supply over 86,000 California homes each year. Once completed, Grape will become part of Permanent Power Company’s broader portfolio, which is expected to include about 1.2 GW of solar capacity and 690 MW AC (2,760 MWh) of battery storage.
Create Energy, the US power solutions provider, has acquired solar tracker company SOL Components from Kloeckner Metals Corp. Create said this is part of its strategy to expand its energy infrastructure and solar technology offerings. The company said the acquisition will add SOL Components' solar tracker technology to its ONTRACK platform, broadening its portfolio of integrated power systems and solar solutions for EPC firms, independent power producers (IPPs), and large-scale developers. Create Energy said the deal supports its ongoing growth and acquisition strategy as it seeks to strengthen its vertically integrated energy platform.
US community solar developer Nautilus Solar Energy has renewed its construction debt facility with a total commitment of $600 million. This will support the development of approximately 200 MW of community solar projects across its portfolio, the company said. The facility was backed by a group of lenders led by National Bank of Canada, Royal Bank of Canada, and Export Development Canada. Additional lenders include Federation Des Caisses Desjardins Du Quebec, Siemens Financial Services, Inc., The Huntington National Bank, and Sumitomo Mitsui Banking Corporation. Nautilus said it is nearing 600 MW of operating community solar capacity in the US and expects the new financing to help advance its goal of reaching around 750 MW of operating projects by the end of 2027.
Biotechnology company Aker BioMarine has signed a 24/7 renewable energy agreement with ENGIE to support its sustainability goals and reduce the environmental impact of its operations. Under the agreement, ENGIE will match the company’s electricity consumption at its Houston manufacturing facility with locally generated renewable power on an hourly basis. With this arrangement, Aker expects to lower its Scope 2 emissions and enhance the accuracy and transparency of its climate reporting. Engie said the renewable energy supply will be supported by the Impact Solar Project in Texas and other designated renewable assets.
Chrysalis Renewables LP has acquired the 357 MW DC Atlas V and Atlas VI solar projects in the US, marking the 1st transaction under its strategic partnership with Hanwha Renewables LLC. The projects, located in Arizona, are in the final stages of commissioning and form part of the larger Atlas Energy Park. The deal supports Chrysalis’ portfolio growth, increasing its total capacity to around 700 MW while expanding its regional footprint. The partnership, backed by infrastructure manager Morrison, aims to scale renewable deployment through a repeatable M&A model. Chrysalis will acquire Hanwha projects that meet aligned investment criteria. Hanwha group subsidiary Qcells will provide integrated services across development, EPC, module supply, and operations. The projects are backed by 15-year power purchase agreements with Southern California Edison and will supply electricity into the California market. Solar modules are being supplied by Qcells from its US manufacturing facility. Chrysalis and Hanwha plan to target over 3.5 GW of solar and storage projects across North America, with potential expansion into international markets.
