Origis Energy Secures Innovative $375 Million Credit Facility for Solar and Energy Storage Development Pipeline
The oversubscribed facility bundles Letter of Credit and equipment financing. It was co-led by CIT, Deutsche Bank, HSBC, Nomura, Rabobank, and Santander.
MIAMI, FL. – May 3, 2022 – Origis Energy, one of America’s leading renewable energy platforms, today announced the close of a $375 million credit facility for its solar and energy storage development project pipeline. This innovative facility for the renewable energy industry bundles Letter of Credit and equipment financing to fund Origis’ growing, nationwide presence of clean energy assets. CIT, a division of First Citizens Bank, along with Deutsche Bank, HSBC, Nomura, Rabobank, and Santander were coordinating lead arrangers of the facilities.
“Origis Energy is pleased to welcome our new financial partners. With their support, we are positioned to accelerate the growth of our development pipeline and secure the critical equipment necessary to meet our customers’ renewable energy needs,” said Jamie Edwards, Managing Director, Finance & Accounting, Origis Energy. “As structuring bank, CIT demonstrated persistent leadership, bringing together a leading roster of financial partners. The facility was oversubscribed, demonstrating strong support for Origis and the long-term opportunities in the renewable sector.”