Origis Energy, one of America’s leading renewable energy platforms, has announced the closing of a US$900 million corporate facility (the facility), comprising US$650 million of funded credit facilities and a US$250 million letter of credit (LC) facility. The facility provides Origis with substantial liquidity to accelerate its near-term project pipeline and support its growth strategy of bringing cost-effective, reliable, and customer-centered energy projects online. Proceeds from the facility will be deployed to progress the development of more than 5 GW of highly advanced projects across Origis’ portfolio, in addition to supporting the continued development of its total 20 GW+ pipeline.
Latham & Watkins LLP advised Origis Energy in the transaction with a Project Development & Finance team led by New York partner Kelly Cataldo. The Project Development & Finance team included associates Tianyu Wang, Julia Gabriel,* and Paul Tran. Advice was also provided on tax matters by Washington, D.C. partner Scott Cockerham, with associate Jared Kawalsky; and on hedging matters by New York partner Yvette Valdez and counsel Melissa Ferraro, with associate Derrick Vallejos.
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