(Source: Shutterstock.com)
Renewables company Origis Energy has secured the financial closing of the Wheatland solar project with Japanese investment firm MUFG, according to a June 10 press release.
The closing was part of an over $530 million financing package that supports two of Origis’ energy projects: the Wheatland solar project in Knox County, Indiana and the Optimist solar and storage project in Clay County, Mississippi.
Wheatland’s solar capacity is expected to provide 150 megawatts of alternating current (MWac). It is slated for completion in the first half of 2026, Origis said. The project is supported by a power purchase agreement (PPA) with CenterPoint Energy.
Optimist is set to deliver 200 MWac of solar power and 200 megawatt-hours of energy storage. This project is expected to be operational by early 2026 and is supported by a PPA with the Tennessee Valley Authority.
Financing for Optimist with MUFG closed in late 2024, according to the press release.
“We relish the opportunity to be a part of the Optimist and Wheatland projects that will provide clean and affordable power while creating jobs and economic opportunities in the region,” said Patrick Klein, managing director on the project finance Americas team at MUFG.
Latham & Watkins represented Origis in the Wheatland transaction, with Taft Stettinius serving as local counsel. Milbank LLP acted as MUFG's counsel, with Dentons serving as MUFG's local counsel.
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