Origis Energy Achieves Funding Milestone for Wheatland Solar Project with J.P. Morgan

Origis Energy Secures Funding for Wheatland Solar Project

In a significant step towards expanding renewable energy infrastructure, Origis Energy has announced the successful acquisition of a tax equity commitment and initial funding from J.P. Morgan for its Wheatland Solar project, located in Knox County, Indiana. This ambitious project is set to deliver 210 MW of clean energy through a long-term Power Purchase Agreement with CenterPoint Energy, aimed at enhancing grid resiliency while providing cost-effective energy solutions.

Overview of the Wheatland Solar Project

The Wheatland Solar initiative marks a pivotal development in Origis Energy's mission to provide sustainable power solutions. Under the commitment secured from J.P. Morgan, the project aims to be operational in the first quarter of 2026. The firm has also noted that this commitment is part of a broader financing strategy that includes another significant project, the Optimist Solar + Storage project in Clay County, Mississippi. Combined, these projects showcase a comprehensive approach to renewable energy deployment across the United States.

The Importance of Tax Equity Funding

Tax equity financing is crucial for renewable energy projects like Wheatland Solar, as it enables companies to leverage tax incentives designed to stimulate clean energy investments. By partnering with financial institutions such as J.P. Morgan, Origis Energy can capitalize on these incentives, thereby enhancing project viability and reducing costs for consumers. The agreement with J.P. Morgan represents Origis’ fifth tax equity commitment, further solidifying the relationship between these two entities.

Comments from Leadership

Alice Heathcote, Chief Financial Officer of Origis Energy, expressed enthusiasm regarding the funding milestone, stating, “The team at Origis Energy is excited to achieve this milestone for Wheatland and looking forward to the project commencing operations in Q1 2026.” Her remarks highlight the company’s commitment to delivering affordable and high-quality energy solutions that contribute to a sustainable future.

The Role of Legal Counsel

The transaction was supported by legal expertise from Latham & Watkins LLP, with Taft Stettinius & Hollister LLP serving as Indiana counsel. Their roles were integral in navigating the legal complexities surrounding the financing and ensuring compliance with state and federal regulations.

Future Outlook

As more emphasis is placed on the transition to a carbon-free future, projects like Wheatland Solar are essential for meeting net-zero goals. Origis Energy's proactive approach in deploying a variety of renewable solutions, such as solar generation and energy storage, positions the company as a key player in the renewable market.

By leading the charge in sustainable energy, Origis Energy is not only paving the way for cleaner electricity but also fostering economic growth through job creation in the renewable sector.

For more information on Origis Energy and its projects, visit www.origisenergy.com.