Origis Energy, a U.S.-based renewable energy project developer, has closed a $900 million corporate credit facility comprising $650 million in funded credit facilities and a $250 million letter-of-credit facility.

First Citizens Bank, ING Capital, Natixis, and Santander served as joint bookrunners and coordinating lead arrangers for the transaction. EIG structured and acted as the sole purchaser of notes issued as part of the transaction.

The company said the facility would provide liquidity to support its growth strategy and accelerate its near-term project pipeline.

Origis said the proceeds will be used to advance the development of more than 5 GW of projects across its portfolio and support the continued development of its total pipeline of over 20 GW.

“This facility marks a defining moment in Origis’ transformation into a leading developer-owner-operator of solar and storage infrastructure. It reflects the operational and financial milestones our team has delivered over the past 24 months, including quadrupling our operating capacity, and the world-class group of financial institutions in this syndicate is a testament to the scale and execution we’ve achieved. This capital positions us to go further, advancing more than 5 GW of highly advanced pipeline while continuing to develop our broader portfolio. The confidence shown by all our financial partners is a strong endorsement of our strategy and our people, and we are grateful for their partnership,” said Alice Heathcote, Chief Financial Officer, Origis Energy.

First Citizens Bank is serving as the administrative agent. HSBC is serving as collateral agent and coordinating lead arranger. Bank Hapoalim, Bank Leumi, and MUFG are also serving as coordinating lead arrangers. Regions Capital Markets served as the joint lead arranger. Celtic Bank and TD Bank participated as lenders in the facility.

Latham & Watkins acted as the borrower’s counsel, while Milbank served as the lenders’ counsel on the transaction.

The company also secured $118 million in tax equity financing earlier this year, from RBC Community Investments, syndicator of renewable energy tax credits for the Chalan Solar + Storage project, consisting of a 65 MWac solar system along with a 25 MW/100 MWh battery energy storage system located in Kern County, California.

Origis, in March 2026, reached financial close on an approximately $545 million senior secured project financing with Natixis Corporate & Investment Banking and Santander Corporate & Investment Banking for three utility-scale solar projects (the Rockhound Projects).

According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, debt financing for the solar sector reached $8.9 billion across 28 deals, a 154% increase compared to the $3.5 billion secured in 23 deals in Q1 2025.