US solar and storage company Origis Energy has secured a $300m (€276m) financing facility from KKR to advance its project pipeline.
The corporate financing facility provided by vehicles and accounts managed by KKR’s insurance business will support the continued development and construction of Origis Energy’s pipeline of solar and storage projects.
KKR said the investment aligns with its asset-based finance strategy, which focuses on privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets.
Sam Mencoff, director at KKR, said: “Demand for renewable energy financing is stronger than ever and we are pleased to support Origis Energy, one of the leading developers in this space.”
Since its inception in 2008, Origis Energy has developed more than 250 solar and storage projects. The company’s current operating, contracted and mature development project portfolio in the US stands at more than 12GW, with an additional 13GW in the pipeline.
Vikas Anand, CEO of Origis Energy, said: “We are on a remarkable trajectory at Origis and focused on delivering for our customers. We are pleased to be working with KKR in this next phase of our growth.”
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