The Winners Are Set to Be Announced for the Energy Storage Awards!

Energy Storage Awards, 21 November 2024, Hilton London Bankside

US$750 million credit facility raised for US solar, battery storage by Origis Energy

By Simon Yuen
LinkedIn
Twitter
Reddit
Facebook
Email

Renewable energy platform Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

The company said this financing round followed a US$375 million credit facility announced in May 2022, claiming it was the largest credit facility announced this year for a utility-scale solar and storage development project pipeline.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

First Citizens Bank’s division CIT was the lead arranger, with other lenders including Santander, Deutsche Bank, HSBC, Rabobank and Nomura, to name a few. 

“The offering upsized our 2022 facility by double and was also oversubscribed. 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,” said Jamie Edwards, managing director of finance and accounting at Origis Energy.

Meanwhile, Origis Energy signed a supply agreement for more than 700MW of bifacial PERC PV modules from manufacturer Boviet Solar Technology last year.

Origis Energy ordered Boviet Solar’s Vega Series 550W PERC monocrystalline bifacial PV modules for its US utility-scale solar projects, with delivery expected in 2023. It was the second agreement that Origis made last year after it signed a 400MW supply agreement with Maxeon Solar, again for utility-scale projects and with delivery starting in June 2023.

This story first appeared on PV Tech.

Energy-Storage.news’ publisher Solar Media will host the 5th Energy Storage Summit USA, 28-29 March 2023 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.

17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
1 July 2025
London, UK
UK Solar Summit 2025 will look at the role solar currently plays in the energy mix, how this will change over the coming years and how this aligns with net-zero and other government targets. We will break down all these challenges and help build up solutions through discursive panels, motivational keynotes and case studies, with newly added interactive sessions to get you moving and meeting your peers, making the connections you need to boost your business.

Read Next

November 7, 2024
Victoria, Australia, has secured the largest allocation of dispatchable power in the upcoming Capacity Investment Scheme (CIS), with 1.7GW/6.8GWh for energy storage.
November 6, 2024
Primergy has secured US$225 million in project financing to support its “Valley of Fire” project portfolio across Nevada, Arizona and Colorado.
November 6, 2024
The City of Green Bay in Wisconsin, US, has granted a Conditional Use Permit for a large-scale battery storage project proposed by a subsidiary of Copenhagen Infrastructure Partners (CIP).
November 4, 2024
US battery energy storage system (BESS) project developer-operator Jupiter Power has secured a US$225 million corporate credit facility.
November 4, 2024
The viability of many hydroelectric power stations, including pumped hydro energy storage (PHES), in Tasmania, Australia, may “come into question” in the future, given the island’s lack of interconnectivity with the mainland.

Most Popular

Email Newsletter