Origis Energy secures $545M financing for 413 MW Texas solar portfolio
Type: Financing · Technology: Solar · Country: United States · Capacity: 413 MW · Value: $545M · Announced: 2026-03-06
Origis Energy reached financial close on a c.$545 million senior secured project financing with Natixis CIB and Santander CIB for three solar projects in Texas totaling 413 MW.
Analysis
Origis Energy's $545 million senior secured project financing for 413 MW of Texas solar assets demonstrates a clear path to execution for its U.S. development pipeline. This capital infusion, announced on 2026-03-06, allows Origis Energy to transition three specific projects from concept to construction, leveraging the Texas market for renewable energy. The senior secured project financing structure indicates a mature stage for these 413 MW solar assets, appealing to institutional lenders seeking stable, long-term cash flows from operational infrastructure. This deal provides Origis Energy with the necessary funds to advance its solar and energy storage plant development across the U.S. Natixis Corporate & Investment Banking and Santander Corporate & Investment Banking led the financing, with Santander CIB consistently ranking among the top 5 global project finance lead arrangers. Natixis CIB's participation aligns with its strong focus on infrastructure and energy transition, while U.S. Bank National Association also contributed as a lender, expanding its capital markets and credit services within the U.S. The involvement of four global law firms—Husch Blackwell LLP, Milbank, Reed Smith, and Latham & Watkins—demonstrates the complexity and scale of this $545 million transaction. Husch Blackwell LLP, with over 900 attorneys, specifically advises on complex infrastructure and energy projects, including renewables, while Milbank, with over 700 lawyers, specializes in project finance across energy and infrastructure worldwide. Reed Smith provided comprehensive legal services for project development and finance, and Latham & Watkins brought legal talent to shape deals in major jurisdictions, ensuring meticulous structuring for the 413 MW Texas solar portfolio.
Key points
- Origis Energy secured $545 million in senior secured project financing.
- The financing supports a 413 MW solar portfolio across three projects in Texas.
- Natixis CIB and Santander CIB served as lead lenders.
- Santander CIB consistently ranks among the top 5 global project finance lead arrangers.
- Four global law firms, including Husch Blackwell LLP (900+ attorneys) and Milbank (700+ lawyers), advised on the transaction.
Counterparties
- Origis Energy (Developer)
- Husch Blackwell LLP (Advisor)
- Latham & Watkins (Advisor)
- Reed Smith (Advisor)
- Santander Corporate & Investment Banking (Lender)
- U.S. Bank National Association (Lender)
- Milbank (Advisor)