Origis Energy, a leading U.S.-based renewable energy and decarbonization platform, has announced the successful financial closing of its Wheatland Solar project in partnership with MUFG, one of the world’s top 10 financial institutions. The financing package also supports a second major development, the Optimist Solar + Storage project, highlighting Origis Energy’s growing role in delivering clean energy solutions across the country.
The Wheatland Solar project, located in Knox County, Indiana, will generate 150 MWac of solar power and is scheduled for completion in the first half of 2026. The project is backed by a Power Purchase Agreement (PPA) with CenterPoint Energy, ensuring long-term delivery of clean energy to the grid. In parallel, the Optimist Solar + Storage project in Clay County, Mississippi, will deliver 200 MWac of solar energy paired with 50 MW of 4-hour battery storage. This project, supported by a PPA with the Tennessee Valley Authority (TVA), is expected to begin operations in early 2026. The financing for Optimist was finalized in late 2024.
Vikas Anand, Chief Executive Officer of Origis Energy, mentioned, “Origis Energy is excited to have achieved this financing milestone on Wheatland Solar with MUFG and other financing partners. We continue to see unprecedented growth in demand for electricity and look forward to completing this project for CenterPoint and its customers.”
Patrick Klein, Managing Director of the Project Finance Americas team at MUFG, stated, “We are proud to have partnered with Origis on this financing. It is a testament to our strong relationship and MUFG’s commitment to supporting the development of renewable energy projects across the country. Supporting our clients’ development projects and business goals is one of the tenets of our bank. We relish the opportunity to be a part of the Optimist and Wheatland projects that will provide clean and affordable power while creating jobs and economic opportunities in the region.”
Origis Energy is acting as the developer, owner, and operator for both projects, underscoring its end-to-end capabilities in renewable energy deployment. MUFG served as Coordinating Lead Arranger, Green Loan Coordinator, and Administrative Agent for the financing. The consortium of participating banks included Associated Bank, CoBank, National Bank of Canada, and NatWest as Joint Lead Arrangers, with Amalgamated Bank and Siemens Financial Services also participating as lenders.
Legal counsel for the Wheatland transaction included Latham & Watkins representing Origis Energy, with Taft Stettinius acting as Local Counsel. MUFG was represented by Milbank LLP, with Dentons serving as its Local Counsel. This milestone further strengthens Origis Energy’s position in the U.S. renewable energy market and supports its mission to accelerate the clean energy transition through strategic partnerships and large-scale solar and storage developments.
