Significant milestone in the progress of Wheatland Solar Project in Indiana which is on track for completion in early 2026.

Origis Energy, one of America’s leading renewable energy and decarbonization solution platforms, announced the successful financial closing of the Wheatland solar project with MUFG, one of the 10 largest financial groups in the world.

The portfolio financing package supports two major Origis Energy projects. The Wheatland Solar project in Knox County, Indiana, will provide 150 MWac of solar capacity and is slated for completion in the first half of 2026. It is supported by a Power Purchase Agreement (PPA) with CenterPoint Energy. Meanwhile, the Optimist Solar + Storage project in Clay County, Mississippi, will deliver 200 MWac of solar power and 50 MW 4HR of energy storage. This project is expected to be operational by early 2026 and is supported by a PPA with the Tennessee Valley Authority (TVA). The Optimist portion of the MUFG deal closed in late 2024. Origis Energy serves as the developer, owner, and operator for both projects.

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“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,” said Vikas Anand, Chief Executive Officer of Origis Energy.

“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,” said Patrick Klein, Managing Director on the Project Finance Americas team at MUFG. “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.”

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MUFG was Coordinating Lead Arranger, Green Loan Coordinator and Administrative Agent, and participating banks included: Associated Bank, CoBank, National Bank of Canada and NatWest, as Joint Lead Arrangers, and Amalgamated Bank and Siemens Financial Services as Lenders.

Latham & Watkins represented Origis Energy in the Wheatland transaction, with Taft Stettinius serving as Local Counsel. Milbank, LLP acted as MUFG’s counsel, with Dentons serving as MUFG’s Local Counsel.

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Source – PR Newswire