November 2023
Origis Energy chooses Deutsche Bank’s Trust and Agency Services (TAS) for its large-scale solar and storage project financing facility
Deutsche Bank TAS has been selected by Origis Energy, one of America’s leading renewable energy and decarbonisation platforms, as collateral agent and depositary bank on a three-year loan facility.
The US$750m financing will fund large-scale solar and energy storage project construction totaling approximately two gigawatts (GW) across 15 states over the next three years. This facility will benefit the construction of solar, storage and co-located solar, as well as storage projects, in the US, with an expected completion date of 2026.1
Industry-leading clean energy pipeline
Origis Energy has secured power purchase agreements on the assets, serving a variety of utility and corporate clients. Origis is in the process of developing an industry-leading clean energy pipeline, which currently stands at 18 GW of solar and 36 gigawatt hours (GWh) of storage capacity. Origis is currently active in 31 states across the US.
“Advancing construction of our renewable energy pipeline is a top priority”
“Origis is in an unprecedented growth cycle fueled by customer demand and the Inflation Reduction Act,” said Guy Vanderhaegen, Chief Executive Officer and President, Origis Energy. “Advancing construction of our renewable energy pipeline is a top priority, one served by this new financing.”
Brian Studdert, Head of Trust and Agency Services, Americas, Deutsche Bank added, “We are pleased that Origis Energy has chosen our team to provide a full suite of agency services on this deal, and we look forward to supporting Origis Energy’s continued growth as a leading renewable energy platform.”
About Origis Energy
Origis Energy is bringing clean and cost-effective solar, energy storage and clean hydrogen solutions within reach for utility, commercial and industrial as well as public sector clients. The Origis team has worked to ensure the interests of all stakeholders are upheld in 170 projects worldwide totaling more than 5 GW to date of developed solar, energy storage and clean hydrogen capacity. Headquartered in Miami, FL, Origis Energy delivers excellence in solar, energy storage and clean hydrogen development, financing, engineering, procurement, and construction (EPC) and operations, maintenance and asset management for investors and clean energy consumers in the U.S. Visit Origis Energy here.
Photo Caption:
Pictured is the Origis Energy Golden Triangle II project for the Tennessee Valley Authority (TVA). This 200 MW solar plus storage project is located in Lowndes County, MS and is one of three Origis projects in the largest solar plus storage deployment in Mississippi to date.