Origis Energy secures US$750mn credit facility to boost US solar and energy storage projects

Origis Energy has completed an upsizing amendment to its development finance facility, which has doubled its capacity to US$750 million.

The enhanced credit facility is expected to support the expansion of the company's solar and energy storage project pipeline. It is considered to be the largest facility announced this year for a utility-scale solar and storage development project pipeline, and the lead arranger for the facility was CIT.

Santander, Deutsche Bank, HSBC, Rabobank, and Nomura were among the leading lenders supporting the amendment and increasing their commitments, while new entrants joining the syndicate included Truist Securities, Sumitomo Mitsui Banking Corp. (SMBC), KeyBank, Natixis, and Société Générale.

In the transaction, Origis Energy was represented by Latham and Watkins, while Norton Rose Fulbright acted as lender counsel.