Origis Energy has closed on a $136 million construction financing facility and conversion to term loan with MUFG for its Rice Creek Solar project under construction in Putnam County, Fla.

Rice Creek Solar, a 75 MW PV solar facility project the company says is nearing completion, is contracted by the Florida Municipal Power Agency (FMPA) for its members. FMPA will serve as project coordinator for their member-owners, who are slated to purchase power from the facility. Origis is the project’s builder, owner and operator.

“Origis and MUFG continue to build a strong alliance.,” says Vikas Anand, CEO of Origis Energy.

“MUFG’s deep expertise in this sector and their well-defined underwriting process enable Origis to focus on speed to market and successful scaling of our business. Rice Creek Solar is a perfect example of moving the clean energy transition forward through collaborative municipal programs. We thank MUFG for their support and look forward to delivering the project for FMPA.”

Latham & Watkins represented Origis Energy in the transaction, with Akerman serving as local counsel. Milbank acted as MUFG’s counsel, with Greenberg Traurig serving as MUFG’s local counsel.

The post Origis Energy, MUFG Close on Financing for Florida Municipal Solar Project appeared first on Solar Industry.

Origis Energy, MUFG Close on Financing for Florida Municipal Solar Project