Origis Energy has closed an upsizing amendment to their development finance facility, doubling capacity to $750 million.
With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy-storage project pipeline. This financing round follows a $375 million facility announced in May 2022.
The facility is widely regarded as the largest announced this year for a utility-scale solar and storage development project pipeline. CIT, a division of First Citizens Bank, was the lead arranger. Leading lenders supporting the amendment and increasing their commitments included Santander, Deutsche Bank, HSBC, Rabobank, and Nomura. New entrants joining the syndicate include Truist Securities, Sumitomo Mitsui Banking Corp. (SMBC), KeyBank, Natixis and Société Générale.
“The recent passing of the Inflation Reduction Act invoking incentive stability, market demand for high-quality clean energy generation and the st