Origis Energy secures $750m financing for 2GW of US solar & storage

September 5, 2023

US-based Origis Energy has secured $750 million in financing for the construction of 2GW of large-scale solar and energy storage projects across 15 states over the next three years. 

Santander Corporate and Investment Banking was the structuring agent, green loan coordinator and coordinating lead arranger on the financing. They were joined by Rabobank and Natixis Corporate & Investment Banking, who served as coordinating lead arrangers, hedge providers, and letter of credit issuers.

Origis Energy is majority owned by funds managed by Antin Infrastructure Partners. 

Guy Vanderhaegen, CEO & president of Origis Energy, said:“Advancing construction of our renewable energy pipeline is a top priority, one served by this new financing. The arrangement also demonstrates the continued trust of the financial community in our team.”

Andrew Platt, head of structured finance US, Santander corporate and investment banking, said: “Santander is very pleased to be supporting Origis with this strategic financing that will provide an efficient and innovative means of financing their project pipeline and help unlock the Company’s future growth. This transaction is an example of Santander’s ongoing commitment to the financing of green projects.”

Latham and Watkins represented Origis Energy in the transaction. Norton Rose Fulbright acted as lenders’ counsel.