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Origis Energy secures $530mn financing for two solar projects in the United States

Origis Energy has closed financing for the Wheatland project in Indiana as part of a $530mn portfolio, in partnership with MUFG and several financial institutions.

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Origis Energy, a US-based company specialising in low-carbon electricity production solutions, has announced the financial close of the Wheatland solar project located in Knox County, Indiana. The transaction is part of a broader financing package exceeding $530mn, structured in partnership with Mitsubishi UFJ Financial Group (MUFG), one of the world’s ten largest banking groups.

The Wheatland project is expected to deliver 150 megawatts in alternating current (MWac) capacity and is scheduled to come online in the first half of 2026. It is backed by a long-term Power Purchase Agreement (PPA) with CenterPoint Energy, an electricity supplier operating primarily in the US Midwest.

An integrated portfolio including the Optimist project

The financing deal also includes the Optimist Solar + Storage project, located in Clay County, Mississippi. This second asset will provide 200 MWac of solar energy alongside an energy storage capacity of 50 MW with a four-hour discharge duration. The project is supported by a PPA with the Tennessee Valley Authority (TVA), a federally owned US electricity producer and distributor. The financial close for the Optimist component was completed at the end of 2024.

Origis Energy serves as the developer, owner, and operator for both projects. Based on the information provided, both assets are expected to be operational during the first half of 2026.

Financial structuring and banking partners

MUFG acted in multiple roles for the transaction, including Coordinating Lead Arranger, Administrative Agent, and Green Loan Coordinator. Several financial institutions took part in the syndication, including Associated Bank, CoBank, National Bank of Canada, and NatWest as Joint Lead Arrangers, as well as Amalgamated Bank and Siemens Financial Services as lenders.

Law firms Latham & Watkins and Taft Stettinius represented Origis Energy in the Wheatland transaction, while Milbank LLP and Dentons acted as legal counsel to MUFG.

Regional photovoltaic capacity gains traction

The financing of these two projects comes amid strong regional demand for electricity production and diversification of energy supply sources. Long-term contractual structures through PPAs offer a stable profitability framework for developers and lenders engaged in these projects.

Origis Energy, headquartered in Miami, is expanding its portfolio of energy assets, supported by close financial cooperation with MUFG and a consortium of North American and European banks.

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