US Solar Energy Company Lands $750 Million Loan

Origis Energy Secures ‘Largest’ Announced Credit Facility This Year To Date For Utility Scale Solar & Storage Development Project Pipeline

US Solar Energy Company Lands $750 Million Loan

Origis Energy says it has doubled its development finance facility with a new round to back its utility scale solar and storage pipeline. (Illustrative Photo; Photo Credit: trekandshoot/Shutterstock.com)

  • Origis Energy has announced $750 million development finance facility in the US
  • It has raised the financing from a host of lenders including Santander, Deutsche Bank, HSBC, Rabobank, and Nomura
  • Management says this oversubscribed round upsizes its $375 million May 2022 facility by double

US based solar energy company Origis Energy has raised $750 million development finance facility to support its pipeline of projects and calls it the ‘largest announced’ this year for a utility scale solar and storage portfolio.

It follows a $375 million facility the company announced in May 2022. “The offering upsizes our 2022 facility by double, and was also oversubscribed,” said Origis Energy’s Managing Director, Finance & Accounting, Jamie Edwards.

The new financing had CIT as the lead arranger and other lenders include Santander, Deutsche Bank, HSBC, Rabobank, and Nomura among others.

Edwards added, “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.”

Origis recently entered into a module procurement agreement with First Solar, Inc for 2 GW DC of the latter’s Series 6 Plus and Series 7 thin film solar panels to be delivered in 2026 and 2027. It is in addition to 750 MW DC capacity it placed an order for with the American manufacturer in April 2022 (see First Solar Bags 4.75 DC Module Orders).

The solar and storage company says it has secured more than 6 GW of solar modules for the 2023-2027 build schedule to support new and existing customers with guaranteed panel supply through 2027.

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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