Origis Energy announced the close of $71 million in tax equity financing with U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank and one of the nation’s most active renewable energy investors.
The financing will support Rice Creek Solar, a nearly 75 MWac project in Putnam County, FL, contracted with the Florida Municipal Power Agency (FMPA) to serve 12 of their participating member municipal utilities.
“U.S. Bank’s expertise and commitment to the renewable energy market is helping us realize our large solar portfolio. Rice Creek is another example of their support empowering us to scale effectively and bring clean energy projects online,” added Vikas Anand, Chief Executive Officer, Origis Energy. “We applaud FMPA for adding more cost-effective energy resources to meet the growing electricity demand of millions of Floridians, and U.S. Bank for supporting the project.”
“Working with Origis and bringing multiple products to bear is another example of U.S. Bank’s commitment to financing the energy transition,” noted U.S. Bancorp Impact Finance Senior Vice President Eric Barr. “We look forward to seeing this project come to fruition to expand clean energy in the state of Florida.”
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Source: solarquarter.com
