Article from Energy Storage News | 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.
By Simon Yuen
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.
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.
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