Origis Energy and MUFG Bring Renewable Energy Project Financing to Over $1 Billion in Last 12 Months

Origis Energy, one of America’s leading renewable energy and decarbonization solution platforms, announced the close of a $533 million construction financing facility, bridge loan facility, and conversion to term loan with MUFG, a leading global financial group, to support 350 MWac in solar capacity and 50 MW of energy storage supporting U.S. energy independence. The deal brings the parties joint U.S. renewable energy infrastructure financing to over $1 billion in the last 12 months.  

This agreement supports two projects. Optimist Solar + Storage is a 200 MWac solar project combined with 50 MW of energy storage in Clay County, MS, with an expected completion date in late 2025. Wheatland Solar, in Knox County, IN, will bring online 150 MWac of solar in early 2026. Origis Energy is the builder, owner, and operator of the projects.  

“Our alliance with MUFG continues to move Origis projects forward in a time of unprecedented energy demand. Optimist and Wheatland will power the equivalent of over 100,000 homes annually. The storage component in Mississippi will add resiliency to the grid,” said Vikas Anand, Chief Executive Officer, Origis Energy. “MUFG financing is helping us deliver affordable clean energy, fueling economic growth and job creation.” 

“Renewable energy continues to be a core focus for MUFG as part of our strategic, long-term vision,” said Patrick Klein, deal team lead for MUFG. “We are proud of the ongoing collaboration and strengthening alliance that we have with Origis Energy.” 

Latham & Watkins represented Origis Energy in the transaction, with Butler Snow serving as Local Counsel.  Milbank, LLP acted as MUFG’s counsel, with Baker Donelson serving as MUFG’s Local Counsel. 

More information is available about the projects here: 
Optimist Solar + Storage https://origisenergy.com/project/optimist-solar-storage/ 
Wheatland Solar https://origisenergy.com/project/wheatland-solar/  

Origis Energy | www.origisenergy.com.

MUFG |  www.mufgamericas.com