RBC Community Investments provides $118 million tax equity financing to Origis Energy for Chalan Solar + Storage project

RBC Community Investments committed $118 million in tax equity financing to Origis Energy for the Chalan Solar + Storage project, a 65 MWac solar facility paired with a 25 MW / 100 MWh battery energy storage system in Kern County, California. Origis Energy is constructing the project and will own and operate it upon completion, with commercial operations scheduled for Q4 2026. The electricity generated will be sold under a 20-year power purchase agreement with Pioneer Community Energy, a not-for-profit community choice electricity provider serving Placer and El Dorado counties. Alice Heathcote, Chief Financial Officer of Origis Energy, highlighted the partnership as a demonstration of the company's ability to attract top-tier capital partners while scaling its clean energy platform. Jonathan Cheng, Managing Director and Head of RBC’s Renewable Energy Tax Equity Investments, emphasized RBC’s commitment to the clean energy transition through this investment.

Counterparts (3)

Lender

R

RBC Community Investments

company

RBC BlueBay Asset Management is a global investment manager specializing in fixed income, equities, and alternatives, operating as RBC Global Asset Management outside North America under Royal Bank of Canada.

Offtaker

Pioneer Community Energy

company

California-based Community Choice Aggregator (CCA) providing electricity service to communities in Placer and El Dorado counties. Operates as a locally owned, not-for-profit alternative to investor-owned utilities, offering competitive rates and renewable energy options.

developer,borrower

O

Origis Energy

company · 2 deals

Origis Energy is a renewable energy and decarbonization solution platform focused on developing, operating, and maintaining solar and energy storage plants across the U.S. They offer solutions for grid power and long-term operation of clean energy assets, contributing to the transition to a carbon-free future.