#United States #Clean Energy #Kern County #Origis Energy #RBC Community Investments

Introduction

In a significant stride towards renewable energy expansion, Origis Energy has successfully closed a $118 million tax equity financing with RBC Community Investments. This initiative is designed to bolster the construction of the Chalan Solar + Storage project located in Kern County, California. As one of the premier clean energy platforms in North America, Origis aims to harness solar and battery technology to meet the region's energy demands effectively.

Project Overview

The Chalan Solar + Storage project features a notable capacity, comprising a 65 MWac solar installation paired with a 25 MW / 100 MWh battery energy storage facility. This innovative project is slated to begin commercial operation in the fourth quarter of 2026. The generated power from this facility will be supplied to Pioneer Community Energy, a nonprofit community choice electricity provider based in Rocklin, California, that serves customers across Placer and El Dorado counties under a 20-year power purchase agreement.

Collaboration with RBC

Alice Heathcote, the Chief Financial Officer at Origis Energy, expressed enthusiasm about partnering with RBC. "We are thrilled to collaborate with RBC to bring this high-quality solar and storage project online, thereby providing reliable and economical clean energy to Pioneer’s customers and the wider community," she noted. This partnership prioritizes not only the financial viability but also the long-term sustainability of green energy solutions.

Jonathan Cheng, Managing Director at RBC’s Renewable Energy Tax Equity Investments, echoed this sentiment, affirming RBC's ongoing commitment to supporting the clean energy transition. RBC’s involvement is instrumental in helping Origis achieve its goals of developing premium solar projects, attracting top-tier capital partners for future growth.

Origis Energy’s Commitment to Clean Energy

As one of the leading voices in North America's clean energy landscape, Origis Energy is dedicated to providing cost-competitive solutions to contemporary infrastructure challenges. The company is committed to ensuring that its customers enjoy a full spectrum of energy services, extending from large-scale power generation to performance optimization and long-term maintenance of solar and energy storage facilities throughout the United States. The ambition is to innovate and evolve with the evolving energy demands of the nation, fostering a sustainable future.

RBC Community Investments: Paving the Way for Renewable Projects

RBC Community Investments, renowned for its expertise in syndicating Renewable Energy Tax Credits, plays a critical role in financing not only renewable energy initiatives but also affordable housing developments nationwide. The organization has raised over $22.3 billion in equity through extensive partnerships with numerous institutional investors, marking its importance in bringing impactful projects to fruition. Such financial endeavors underscore the collective effort towards driving sustainable development strategies and affordable community building.

Conclusion

The partnership between Origis Energy and RBC Community Investments for the Chalan Solar + Storage project symbolizes a pivotal moment in advancing California's clean energy portfolio. With significant tax equity financing in place, the project stands to significantly enhance the energy landscape by providing sustainable, renewable resources to local communities. The collaborative approach between these two entities can serve as a template for future projects aiming for similar success in renewable energy domain, benefiting the environment and society at large.