Origis Energy’s $375 Million Credit Facility for Solar and Energy Storage Development Pipeline

Latham and Watkins represented Origis Energy in the transaction. Norton Rose Fulbright acted as lender counsel.

Origis Energy, one of America’s leading renewable energy platforms, announced the close of a $375 million credit facility for its solar and energy storage development project pipeline. This innovative facility for the renewable energy industry bundles Letter of Credit and equipment financing to fund Origis’ growing, nationwide presence of clean energy assets. CIT, a division of First Citizens Bank, along with Deutsche Bank, HSBC, Nomura, Rabobank, and Santander were coordinating lead arrangers of the facilities.

Origis has one of the largest solar and energy storage development platforms in the U.S. The current 20+ gigawatt pipeline consists of utility-scale and distributed generation projects across solar, solar plus storage, and stand-alone storage technologies. Customers include some of the nation’s largest Investor Owned Utilities (IOUs), state and municipal utilities, California Community Choice Aggregators (CCAs), cooperatives, and large corporate energy buyers.

Norton Rose Fulbright’s New York-based team was led by partners Adrienne Sebring (Picture) and Todd Alexander with assistance from associates Laura Kaplan and Eric Stivers.

Latham & Watkins represented Origis Energy with a team led by New York partners Warren Lilien and Kelly Cataldo, with associate Tianyu Wang. Advice was also provided on tax matters by New York partner Eli Katz, with Chicago associate Michael Zucker; on energy regulatory matters by Washington, D.C. partner Tyler Brown, with associate Carlos Clemente; on environmental matters by New York partner Gary Gengel, with associate Qingyi Pan; on ERISA matters by Bay Area partner Erin Murphy, with Chicago associate Juliet Rognlie; on sanctions matters by Washington, D.C. partner Erin Brown Jones; on real estate matters by San Diego partner Stephanie Fontanes; on Investment Company Act related matters by Chicago partner Nabil Sabki, with associate Jennifer Tian; and on derivatives matters by New York partner Yvette Valdez, with associate Ashley Weeks.

Involved fees earner: Tyler Brown – Latham & Watkins; Erin Brown Jones – Latham & Watkins; Kelly Cataldo – Latham & Watkins; Carlos Clemente – Latham & Watkins; Stephanie Fontanes – Latham & Watkins; Gary Gengel – Latham & Watkins; Eli Katz – Latham & Watkins; Warren Lilien – Latham & Watkins; Erin Murphy – Latham & Watkins; Qingyi Pan – Latham & Watkins; Juliet Rognlie – Latham & Watkins; Nabil Sabki – Latham & Watkins; Jennifer Tian – Latham & Watkins; Yvette Valdez – Latham & Watkins; Tianyu Wang – Latham & Watkins; Ashley Weeks – Latham & Watkins; Michael Zucker – Latham & Watkins; Todd Alexander – Norton Rose Fulbright; Laura Kaplan – Norton Rose Fulbright; Adrienne Sebring – Norton Rose Fulbright; Eric Stivers – Norton Rose Fulbright;

Law Firms: Latham & Watkins; Norton Rose Fulbright;

Clients: CIT Bank; Origis;

Giulia Di Palma

Author: Giulia Di Palma