Origis Energy: $415M Financing Secured for Texas Solar Project
Deal News | Jan 15, 2025 | Advantage Capital
Origis Energy has successfully secured a $415 million financing deal for its Swift Air Solar project located in Ector County, Texas. The project underscores the role of renewable energy in supporting decarbonization and direct air capture technologies. Advantage Capital, through collaboration, has provided a comprehensive financing package that includes construction and term debt, along with tax equity financing. This deal highlights the potential of integrating financial capital with technological advancements to drive significant environmental impacts.
Sectors
- Renewable Energy
- Financial Services
Geography
- United States – The Swift Air Solar project and the financing deal are based in Texas, USA.
Industry
- Renewable Energy – The article involves Origis Energy, a leader in renewable energy, focusing on a solar project in Texas.
- Financial Services – The financing deal for the Swift Air Solar project involves significant financial structuring including debt and tax equity.
Financials
- $415 million – The total financing secured for the Swift Air Solar project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Origis Energy | Target company | Company | A renewable energy company involved in the Swift Air Solar project. |
| Advantage Capital | Finance provider | PE Firm | A firm providing financing for the Swift Air Solar project. |
| Tom Bitting | Managing Director | Person | Managing Director at Advantage Capital. |