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Latham & Watkins Advises Origis Energy in US$344 Million Loan Facilities

December 20, 2023
Firm advises on the innovative financing agreement that leverages the transferability option in the IRA.

Origis Energy, a renewable energy and decarbonization solution platform, announced the close of US$344 million of financing facilities with MUFG Bank, Ltd. for Origis’ Golden Triangle I project in Lowndes County, Mississippi. The innovative bridge loan facility provides flexibility to bridge against a commitment of a tax credit purchaser or the commitment of a tax equity investor.

Golden Triangle I, with 200 MWac solar capacity co-located with 200 MWh of energy storage, is one of three Origis Energy renewable energy projects under construction in the state, together representing the largest solar plus battery energy storage deployments in Mississippi to date.

Latham & Watkins LLP represents Origis in the transaction with a team led by New York project finance partners Kelly Cataldo and Warren Lilien. Project financing advice was provided by Los Angeles counsel Stephen Yeh, with associate Julia Chen. Advice was also provided on tax matters by New York partner Eli Katz, with associate Michael Zucker; and on hedging matters by New York partner Yvette Valdez, with associate Naffie Lamin.