Origis Energy, one of America’s leading renewable energy platforms, announced the close of an upsizing amendment to their development finance facility doubling capacity to US$750 million. With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy storage project pipeline. This financing round follows a US$375 million facility announced in May 2022.
Latham & Watkins LLP advised Origis Energy in the transaction with a project finance deal team led by New York partners Kelly Cataldo and Warren Lilien, with associate Tianyu Wang. Advice was also provided on tax matters by New York partner Eli Katz, with associate Michael Zucker; on Investment Company Act matters by Washington, D.C. partner Aaron Gilbride, with associates Jennifer Tian and Haley Hohensee; on environmental matters by New York partner Gary Gengel, with associate Qingyi Pan; on ERISA matters by New York partner Erin Murphy, with associate Juliet Rognlie; on energy regulatory matters by Washington, D.C. partner Tyler Brown, with associate Carlos Clemente; on sanctions matters by Washington, D.C. partner Erin Brown Jones; on hedging matters by New York partner Yvette Valdez; and on real estate matters by San Diego partner Stephanie Fontanes.