Origis Energy, a renewable energy and decarbonisation platform in the US, has closed a $533 million financing agreement with MUFG, a global financial group, to support 350 MWac of solar capacity and 50 MW of energy storage across two U.S. projects. The financing includes a construction facility, bridge loan, and term loan conversion, marking over $1 billion in joint renewable energy between Origis and MUFG in the past year.
The funding will enable the development of two projects: Optimist Solar + Storage in Clay County, Mississippi, a 200 MWac solar project combined with 50 MW of energy storage set to be completed in late 2025, and Wheatland Solar in Knox County, Indiana, a 150 MWac solar project scheduled for early 2026. Origis Energy will oversee the construction, ownership, and operation of both sites.
“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. MUFG financing is helping us deliver affordable clean energy, fueling economic growth and job creation,” said Vikas Anand, Chief Executive Officer, Origis Energy.
The transaction involved Latham & Watkins as legal counsel for Origis Energy, with Butler Snow as Local Counsel. Milbank LLP represented MUFG, with Baker Donelson serving as Local Counsel. These projects align with national renewable energy goals and demonstrate the critical role of strategic financing in driving renewable energy infrastructure in the U.S.
Patrick Klein, MUFG’s deal team lead, emphasised the importance of the partnership and said, “Renewable energy is central to MUFG’s long-term strategic vision. This collaboration underscores our commitment to supporting sustainable energy infrastructure.”
