The facility bundles a letter of credit and equipment financing to support the company’s project pipeline.
The deal was booked prior to the release of First Solar’s Q4 and Full Year 2021 earnings in February, and by contract Origis will benefit from technology developments until the order is complete in 2024.
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Oriden and Origis Energy are developing the solar capacity, which could be in service by 2023.
The agreement also includes Facebook’s first large-scale energy storage project.
Also in the brief: GRU and Origis Energy announce a PPA for a new 50-MW solar project, and cooling solar panels with KAUST’s hydrogel.
Also in the brief: NYSEIA forms the Long Island Solar & Storage Alliance, Sol-Ark named a finalist for “American-Made Solar Prize,’ Gas South and Cobb EMC break ground on solar + storage project and more.
Welcome to the Tuesday morning brief. Today we’ve got ACORE’s assurance that losing the ITC won’t be catastrophic, Origis’ new operations center, an EDF-Array partnership, and more.
The largest solar project in Georgia and the 2nd-largest east of the Mississippi has broken ground, as part of the ongoing growth in solar markets in the U.S. South. And at the project’s groundbreaking, the array of officials present shows widespread support for large-scale solar.
The Miami-based developer and asset owner has acquired First Solar’s GA Solar 4 project, which clocks in at 200 MW-AC as the 2nd-largest solar project in the U.S. South and east of the Mississippi to date.
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