U.S. renewable energy platform Origis Energy has closed a $375 million credit facility for its solar and energy-storage development project pipeline. CIT, a division of First Citizens Bank, along with Deutsche Bank, HSBC, Nomura, Rabobank and Santander served as coordinating lead arrangers of the facilities.
The credit facility industry bundles Letter of Credit and equipment financing to fund Origis’s growing, nationwide presence of clean energy assets.
“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, at Origis Energy.
With a pipeline of more than 20 gigawatts, Origis has one of the largest solar and energy storage development platforms in the United States. The pipeline consists of utility-scal