Origis Energy closes US$344 million financing for 200 MW Solar project in USA

Origis Energy announced the close of a US$344 million construction financing facility and conversion to term loan with MUFG, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi, USA.

The project includes the development of a 200 MWac solar capacity co-located with 200 MWh of energy storage. the facility will use will use over 500,000 solar panels which will generate enough energy to power over 60,000 homes and offset over 200,000 tons of carbon dioxide emissions per year. 

The Solar plus energy storage system is currently in the construction phase along with Golden Triangle II and Optimist, with a total capacity of 550 MWac solar plus 600 MWh of battery energy storage. The projects will deliver clean energy and grid resiliency at competitive rates under Power Purchase Agreements executed between Origis Energy and the Tennessee Valley Authority (TVA).

The project is supported during construction and long-term operation with this loan facility. Once construction is finished the financing will be converted to a long-term instrument covering the 25 year+ operational life of the project.